The Russell 2000 index 
IWM retraced and bounced perfectly off the 38% fibonacci level. Actually it bounced twice, which created a double bottom at the 38% retracement level. This strong level of support suggests the bottom may be in and small caps may start to lead the market up again.
IWM retraced and bounced perfectly off the 38% fibonacci level. Actually it bounced twice, which created a double bottom at the 38% retracement level. This strong level of support suggests the bottom may be in and small caps may start to lead the market up again.
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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.