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MarcoOlevano

#IWM US Small caps at Significant level

Long
iShares Russell 2000 ETF (BATS:IWM)  
MarcoOlevano Updated   
BATS:IWM   iShares Russell 2000 ETF
Rectangle Support and Resistance IWM russel2000 smallcaps
5
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rectangle supportandresistance iwm russel2000 smallcaps
The US Small cap equities index - IWM - Russel 2000, has approached a massive level of polarity. This 160 level is where the old resistance has turned into support previously. Monitor for reversal and continuation upwards. A break of this level however could really cause massive technical damage. The bulls have their work cut out for them this week
Trade active:
Old support level held as expected
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