IWM looking good to go long
IWM has dropped nearly 10% from its all time high a couple weeks ago, it is nearly in a correction. This week alone IWM has dropped 6.57%. There are a couple of things showing that this might be the bottom or at least a temporary bottom, the RSI trendline is right at the bottom of the channel, today we closed right at the trendline that held during the last minor drop, and we are near the fib. Putting all of these things together seems reasonable to me that we are looking to bounce here, tomorrow around 218 is the maximum that we should see if we even get that high.
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