$IWM been leading markets up most of the time, looks like it is leading down this time. on purely technical aspect, it retested the neckline of H&S, also retested the break of the flag. if this confirms, price target is around 117-118. everybody seemed to be talking about inverted H&S playing out on SPY few weeks ago (which obviously failed). I don't really see ...
$IWM 50/200d ema Death Cross earlier this month - selling intensifying over the last two weeks. Looking poised to break $146 support and visit near lows on the year.
See chart for two possible near/medium term targets.
Note: Informational analysis, not investment advice.
IWM is one brighter spot in the markets...
Super-Cycle Wave 3 wants to extend.
THE WORLD IS NEARING THE CROSSROADS OF THE NEXT BEAR MARKET .THE CHARTS POSTED IS THAT OF THE RUSSEL 2000 TRACKING ETF IWM TODAY WE HAVE ENDED THIS PART OF THE DECLINE INTO A PERFECT SPIRAL FROM PANIC LOW FEB 9 WE SHOULD SEE A STRONG RALLY TO END THE LAST UP PHASE OF THE MARKET.BEST OF TRADES