The small caps had an impressive rally this week. On Friday, amid general weakness in the markets, the 
IWM posted a harami cross. From a technical analysis perspective, this candlestick is a warning sign for a possible reversal. However, in order to get bearish on this sector, we would need to see some continuation to the downside early next week. For now, all that this candle tells us is that the market is somewhat indecisive. We are going from bullish to neutral into next week with regards to the $IWM.
IWM posted a harami cross. From a technical analysis perspective, this candlestick is a warning sign for a possible reversal. However, in order to get bearish on this sector, we would need to see some continuation to the downside early next week. For now, all that this candle tells us is that the market is somewhat indecisive. We are going from bullish to neutral into next week with regards to the $IWM. 
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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.