has shown me an overbought condition and a bearish butterfly
. I also detected a continuation pattern for about a 16% gain in RWM, and, as we all should know, RWM is the inverse of IWM
has also under-performed the S&P 500
during the recent counter-trend rally, and is still about 15% under its highs. I bought RWM in anticipation of the IWM
decline. I think RWM may go to about $75 to $76 in the next month.
These are my views. Thank you.