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.
IWM Breakdown Confirmed
Small cap index looking weak
Article printed from InvestorPlace Media, https://investorplace.com/247trader/iwm-breakdown-confirmed/.
©2017 InvestorPlace Media, LLC