2waytrading
Short

$IWM warning signal for the market general

AMEX:IWM   ISHARES RUSSELL 2000 ETF
131 0 0
So far 117.8 proved to be a wall for bulls to resolve before they hope a new high from July's ATH             . Today's weakness plus yesterday's strong reversal could signal a problem ahead for the market. $IYT and $IWM both are good indicators for the market in general. $IYT seems faking this new all time high and break out upside from July's ATH             . $IYT;s nice candles seems a bull trap but $IWM rejection for today's spike from bears seems a worrisome. It can make catch up next few sessions, but so far it looks stay away from the market. If you need a real-time alerts try us www.2waytrading.com
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