nerdrx

Wyckoff Distribution + Inflation

Short
AMEX:IWM   iShares Russell 2000 ETF
The IWM has completed It's classic Wyckoff Distribution and we are now at Phase E. The target is 170-169 where we have found support.

This is a warning for the entire Stock Market to abandon ship while you still can.

The IVM is the Titanic and has hit the ICEBERG. We don't have enough boats to save everyone. People will be left on the ship stuck at all time highs holding the bags.

"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists."

Ernest Hemingway


This post is not Financial Advise.
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.