Some Observations on $IWM

I pointed these out in the chat lounge, but I think I will also add them here, too. If we do get a big rally and clear some of this up, good. But until then, we’re retesting a bearish wedge (green structure, noted previously here) from beneath and we’re under some important prior highs. As it stands, it’s not a great look. It can improve, but until then, it looks sketchy to me.


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