chisleu

Clear bearish wedge on IWM

Short
AMEX:IWM   iShares Russell 2000 ETF
Wedge pattern forming on IWM since 4/6 w/ declining volumes.

This week's volume was extremely low except at close where it tended to drill.

I think this is a fantastic indicator that we are about to leg down to 110, or potentially to a new low for the year.

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