To charting pros, these indicators have been obvious. But it does help to look at the big picture. IMHO, the MACD has room to run to long term support, which means IWM can breach, whether that is today of in a week or even two, the shorter term support trend line, or then whether to get to and or breach the longer term support trend line. It may also choose to meander to the edge of the arc, which would then align it to the shorter term trend support. The most less likely of all possibilities is we bounce with authority here. Most probable, we breach this week, especially after ECB meeting and friday's employment numbers, next we we try to retest that line, and we head further to trend support. But this is just MHO. HOWEVER, if you are day trading, and don't back this out large, a different picture emerges. For me, I see three weeks, until october options expire oct 18, as down to one of these lower areas. With SPY AND DOWI trailing along, each breaching their long term trend supports also. Let me just add, if we breach with red volume of all 3, well,I don't need to say what might happen then. My previous "G" chart might come into play.