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Keep Your Eye On Russell 2000's Topping Tail

Published 08/28/2018, 02:01 PM

On Monday, the Russell 2000 (NYSE:IWM) surged sharply higher with the S&P 500 and NASDAQ. However, there was one difference to a normal trading day. While the rest of the markets stayed at their highs, the Russell 2000 faded, forming a topping tail (bearish top signal). The reason this may be significant is because the Russell 2000 has lead the market both to the upside and downside over the last year. Because of that, investors should pay closer attention to the topping tail on the Russell 2000. It may signal a significant top or near top on the S&P and NASDAQ.

iShares Russell 2000 ETF

Latest comments

IWM made a new all time high less than 2 days after you posted this article telling everyone it was topping. True to form.
How's that AAPL short you called a week ago? AAPL making new ATH's right after you made your bearish call, as usual. Easiest trade ever is fading your calls.
Congratulations, your call for a top in IWM has already failed after one session. Everything going up nonstop.
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