IWM appears to be performing worse than the $SPY. The narrowing channel, which looks like a wedge, has broken, and the price has fallen below the December high support level, indicating a potential failure to achieve the new ATH. To make matters worse, it is also dropping below the 10-week simple moving average (SMA) this week. The next level of support is at 237.
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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.