CosmicDust

IWM (small cap) sell signal issued

AMEX:IWM   ISHARES RUSSELL 2000 ETF
iwm
72 5 2
iwm
First sell signal since July 2012, similar to that of July 2007. What make it a sell signal?
. Price below 10 month MA, and
. 3 EMA below 5 EMA, and
. RSI support broke, below 70, and
. MACD negative, and
. Stoch below 80

This sell signal most likely is valid because today is the last day of July. Note that market does not go one way straight, there will be up and downs. But the main trend may start to change now.
2use
2 years ago
This is scary the way it is so similar. They say the small caps go down first in corrections
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CosmicDust 2use
2 years ago
Right - there may be rebounds, but I think the tide begins to change.
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2use CosmicDust
2 years ago
In 2008 the correction happened after RSI was above the level, MACD was turning down. Plus it looks like a negative divergence with RSI and CCI. Though VStop is still green.
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2use
2 years ago
Would you please see if your methods say something about other indices? Seems that it is a downer for not only IWM, but probably Dow as well
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CosmicDust 2use
2 years ago
Dow and S&P are still healthy (on monthly chart). So we will have to see if small cap will drag them down, or small cap gets pulled up.
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