On Friday, the IWM broke through a multi year support line (beige) and closed below a multi year parallel channel. Thankfully, it found support at its 200 day MA. If the IWM cannot recapture the inside of the parallel channel this week and confirms a close below the 200 day MA - watch out below. This should be on every one’s watch list this week because where the small caps go - every other risk asset will follow!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.