IWM/SHY Sell Signal
Updated
Clear perfect H&S top in the IWM/SHY ratio chart. Predicts that short term bonds will now outperform the Russell 2k and the target of the pattern is a new low in the ratio. This implies that the Russell is likely to break to new lows while short term bonds should remain strong. If short term bonds were to decline at the same time as the Russell, the decline in the Russell will be more severe.
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The pattern is confirmed and continues to move toward a breakdown of the lows as the objective.
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