claydoctor

IWM kiss higher highs goodbye for now

Short
AMEX:IWM   iShares Russell 2000 ETF
2
We are so far from fundamental control of markets, and with so many tinkering world wide, it will only take a little mix up and volatility will return (and has), Greece, china, yen, dollar, oil, and like I have posted before, inflation only below 2% because of oil so low, when oil takes off again, inflation will kick, and even if wages only up a bit now and unemployment (of only the unemployed not the done with employment forever crowd) , FED will have to raise. Inflation is their big worry. Imagine with all this talk of we will signal ahead of meetings, etc let you know one meeting in advance, etc. and they have to call an emergency mtg to raise rates? Wow, the markets will have a hissy fit. IWM levels of importance as shown. If we don't fill the gap quickly, watch for lower lows.
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