iShares Russell 2000 ETF
Short

IWM-Small Caps drop pending

49
IWM hit an important trend line that has been in place since July 2014. There are a clear 5 waves up and bearish divergences. Expecting some type of retrace down to the 114-112 and maybe even 110 area-before starting the Santa Rally.

With bullish sentiment at 96% per sentimenttiming.com/free/ some type of pullback is expected. Good luck

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.