IWM ratio charts revisited
Updated
I talk about IWM and SPY in this video and why I think an excellent short opportunity on IWM is coming quite soon. Good luck!
Note
IWM is now at resistance, see if it rejects or not.... Note
ok so we're getting "something" like what I expected - higher to 4600 area and then a rug pull, but I can't tell if it's done going higher or not. RSI is reset but is it enough? on 4 hr time frame it can go higher but on smaller time frames, it's enough. Difficult to tell. Back under 4570 and i'ts definitely bearish. Note
1hr time frame - multiple bearish divergences. Note
buyers "should" step in hereNote
this is looking like a false breakout as of now, let's see what happens this afternoon.... Note
as of now SPX is stalling at the same area other rallies have stalled. Note
spx is holding, so I expect higher next week as of now. 4 hr rsi still plenty of room to go back to the highs. 
Related publications
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.