NextGen Chart of the Day: IWM

Technical analysis is never black and white. It’s more of an art than a science, and many times we need to follow our gut. The key is understanding what history tells us. On that note, we can learn a lot from iShares Russell 2000’s (IWM) chart, which has been acting very interesting lately. Today, we’ll talk about two prior levels I’m watching closely to get a better idea for its near-term direction.

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