The Dangerous Price Level In IWM That No One Is Focused On (Yet)
Tuesday’s sell-off brought some of the major indexes down to some attractive levels.
However, it’s also caused the IWM to flirt with a very dangerous condition that no one is talking about!
In this video I discuss the importance of the recent lows in the IWM, and why it’s more than just another test of 133-134 level.
In the video I also demonstrate how you could have anticipated the big breaks in the key market sector ETFs: KRE (Regional Banks), and IYT (Transportation). Well before the market sold off on Tuesday, these ETFs and many other sectors and stocks had very bearish conditions as measured by our Triple Play Indicators.
Video length: 00:10:58
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