Russel 2000 ETF (IWM): Trend Reversal!

Russel 2000 ETF (IWM) showed a Three Outside Down, reversal pattern, after getting near to the all time high level. Watch out for a start of down trend. 200D SMA support is at $114.

Current PE for Russell 2000 is 50.41 (over value).

Base on past IWM chart pattern, IWM has nice tradeable pattern in two directions (up trend and down trend).

IWM Dec1-2014

Original post from My Stocks Investing Journey by Marubozu.

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