IWM
Daily Chart Report
IWM is in a free fall. When a stock breaks through two support level in one go, you know how bearish the chart is. The first stop is at 190 support level and then head to 168 major support level. I want to note that there is a possibility that IWM might have a small bounce in the coming week to retest the breakout before it heads lower. The bounce will be a dead cat bounce possibly to the 204 level. It is short for the next few months. I will be fading the rips.
IWM is in a free fall. When a stock breaks through two support level in one go, you know how bearish the chart is. The first stop is at 190 support level and then head to 168 major support level. I want to note that there is a possibility that IWM might have a small bounce in the coming week to retest the breakout before it heads lower. The bounce will be a dead cat bounce possibly to the 204 level. It is short for the next few months. I will be fading the rips.
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