claydoctor
Short

IWM and USDJPY relationship bear cross

FX:USDJPY   U.S. Dollar/Japanese Yen
72 0 1
These two are in tandem most of the time. Note the factors here. Previous turn toward major long term trend bottom failed, bounced, and did not reach the bear cross of 50 and 200 MA. This time did breach long term trend bottom, tried to restest, and failed, and we ARE RIGHT AT THE BEAR CROSS. If we breach, we confirm, and this could translate to a strong sell in IWM             if the relationship stays intact.
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