AMEX:IWM   ISHARES TRUST RUSSELL 2000 ETF
I thought that we might get a pause around the 140.88. It did, but only sideways and continued its upward march along with the other indices. It is time now to be cautious as this move is getting long in the teeth. We are currently butting against the downtrend line from above and as you can see the rising wedge (typically bearish ) is quite advanced . Price is near the apex. Apex, is around the 143 area which also coincides with resistance there from a previous swing high. For now, the VST , the 138-139 should provide support. A break there could get us down to the 135 and 131 areas. Trade safe. ABove 143.24 there are targets at the 144.23 area and then the 147 area. IF the overall market is headed higher, then a PB here might present a very good opportunity for those who missed out.
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