The Russell 2000 Breaks Support

By | October 27, 2016

The chart of the daily iShares Russell 2000 ETF (IWM) shows it currently breaking below the uptrend line drawn off the lows of the year and a horizontal support which are intersecting in the $120.00 area. Late session heroics in the form of a hammer or similar reversal candle will be needed to prevent further weakness going into the end of the trading week.


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.