IWM Breakdown Confirmed

Small cap index looking weak

   

Over the past two weeks, the iShares Russell 2000 Index (NYSE:IWM), an index corresponding to the Russell 2000, has declined 5%. Normally, if you break south out of a bearish rising wedge on the weekly chart, you only do a backtest 51% of the time…this time, the IWM came out the loser in the coin toss. Here’s exactly why, and what will happen next.


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