IWM Extends Yesterday's Key Downside Reversal Session

IWM-- so much for shorting a bounce in sympathy with strength in DIA, SPY, and QQQ this AM. IWM is down another 0.70%, as it follows-through to the downside from yesterday's Key Downside Reversal Day (Bearish Engulfing Candle). The divergences continue. My sense is that the relative weakness in IWM is a warning about the health of the other major market ETFs rather than a buying opportunity in the Small Cap space...

10 02 18 IWM Day 1135 GIF
10 02 18 IWM Day 1135 GIF

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