claydoctor

IWM developing double pipe top

Short
AMEX:IWM   iShares Russell 2000 ETF
0
see chart. Following trend, bouncing right off resistance of 200 Day ma. Bearish MACD and TSI. Possible development of double pipe top, which would say we go lower here to the red levels shown, or yellow. Moon favors this also. CPI no big deal, no news is bad news, because the market bulls are looking for something to pin there hopes on, while the dread looms in the air, without a name, yet.
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