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Xafada
Sep 4, 2014 5:18 PM

$IWM warning signal for the market general Short

iShares Russell 2000 ETFArca

Description

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 2waytrading.com
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