Aug 22

Bears Have Control Intraday of iShares Russell 2000 (IWM)

Just as this morning's rally felt more impressive than it really turned out to be, this afternoon's decline is not really doing much damage either.... Let's take a look at my updated hourly chart analytics of the IWM (Russell 2000 ETF)...

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Chart

Mike Paulenoff is author of www.MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial!