AmadeoTrading
Short

IWM could not renew 13-year uptrend and broke below 7-year trend

AMEX:IWM   ISHARES RUSSELL 2000 ETF
Small Caps ( IWM             ) - It seems IWM             is having a hard time making it back above the black line (13-year trendline ) this week and closed right below the purple line (since-2009 trendline ) today. Note that in early January IWM             broke below the purple line for the first time and dropped a lot.
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