IWM fails restest long term support , now resistance?

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I suppose the bulls and the buy on the dip crowd breathed a huge sigh of relief yesterday, with big frowns on the bears hoping for a huge correction. But, not so fast my friend. IWM ran smack into the long term trend line and failed the retest, note the significant money flow back out late in the day. Might have been profit taking, off the temp bump from employment numbers reaction, and then maybe not. All day I was waiting to see how we closed, and what was given up late was not insignificant. DOW and SPX had great gains, but the IWM was not so "happy", yet again. When we touched 107.50 as predicted, I was going to sell my TZA positions, BUT I DID NOT CLICK. Might be risky move, but I am holding firm for now. I am not convinced we are done with this move to the downside just yet. Watched that retest carefully, and sure enough it failed. This ebola scare has everyone buzzing, and if any more infected people show up at hospitals, risk aversion may be the code word for next week, and points beyond. Also, while OIL is heading down still, it would take only one opec meeting to steady it, reverse that trend, and any "wars and rumors of wars increase", or continued unrest in Hong Kong, and I could go on, would only steepen the tension, and increase the risk aversion trend. Chart fundamentals radars are on full, but the nasty news we've yet to hear may have us abandoning those for a more fluid and fearful buy and sell mode. BTW, talking heads saying strong dollar good for markets, but there is a tipping point to that thinking also, where it actually turns the other way, when it becomes too strong. look left to be right on that.
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