CosmicDust

IWM update - 09/22/2014

AMEX:IWM   ISHARES RUSSELL 2000 ETF
IWM
54 2 3
iwm
Very bad technical picture:
. RSI broken down, retested resistance and got rejected.
. MACD negative.
. Price below 10 month MA (same as 200 day MA), pending monthly close price.

If bulls lost the blue support line, this thing may be the short of the year.
PS - is it me or is it head and shoulders formed up top?
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Bummer...but stocks go up, stocks go down
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