IWM ETF: the Russell 2000 breaks its low on the close and loses the 50-week average
·45 min read
EXECUTIVE VIEW
The IWM, the Russell 2000 ETF, posts a 6th straight down week and confirms the break of its 274-area low on the close. Technical analysis: daily price action prints a bearish engulfing, and the trade setup leans lower for swing trading.
Reserved analysis
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