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HouseOfTrades

IWM massive Break

Short
iShares Russell 2000 ETF (AMEX:IWM)  
HouseOfTrades  
AMEX:IWM   iShares Russell 2000 ETF
Trend Analysis Chart Patterns Technical Indicators IWM smallcaps Parallel Channel breakdown Stocks ETF
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trendanalysis chartpattern indicator iwm smallcaps parallelchannel breakdown stocks etf
IWM very weak in the larger time frames.
It has just broken below a very important support level opening some further targets.

If market continues to show weakness we could see IWM rolling over towards $172. Previous Support can be considered Resistance now and Stop loss.

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