SPY and IWM Exhibit Divergent Patterns

SPY and IWM exhibit a glaring pattern divergence, with SPY looking like it is about to thrust to the upside, while IWM is heading due South. More importantly perhaps is that IWM exhibits a 6 week rounded top formation to go along with the pattern divergence, which is no small matter, especially if it breaks 165.00, its 2018 up trendline. SPY needs to remain above 290 to avert potential technical damage... Last is 291.92 SPY and 16.82 IWM...

10 01 18 SPY & IWM Comparison Chart GIF
10 01 18 SPY & IWM Comparison Chart GIF

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