IWM is an evil index that represents everything wrong with America. It is loaded up with disgusting zombie companies that should go out of business. The PE ratio is manipulated up due to statistical masturb**ion : you see when a company has no or negative earnings it floors at 0, and that is what is happening with the IWM. In reality it's PE ratio is closer to 150, a joke. It is only being held up by the now-ending federal bond buying program.
Also, bearish back test of the break of this super-bearish ascending wedge... negative dark pools, and a volume spike exiting this retail-driven auction.
Also, bearish back test of the break of this super-bearish ascending wedge... negative dark pools, and a volume spike exiting this retail-driven auction.
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