Small caps could head lower, to weekly moving averages

The fast and furious rise in IWM looks especially stunning if you zoom out to the past 4 yrs. On the daily chart a trendline support from March 2020 was broken yesterday. Like a number of stock charts, the daily chart shows some selling and looks like a move up could happen. Yet the weekly chart shows price can still move lower to get back to the 10/20 moving averages.

At bottom, Stochastic looks ready to start rolling downard. RSI has broken the green line and should move to 50, maybe down to 30. Look for trade entries on smaller timeframes.