Small caps underperformed here.
IWM closed right on that 188 support with a bearish engulfing candlestick.
Below 188 and we head to 185. 185 will be a tough nut to Crack, just throw on your EMA and look. If we drop below 185, I'd be looking at a trend reversal to 177-180.
If 188 holds then there's no short here and I'd look for price to go back and test that white trendline resistance
IWM closed right on that 188 support with a bearish engulfing candlestick.
Below 188 and we head to 185. 185 will be a tough nut to Crack, just throw on your EMA and look. If we drop below 185, I'd be looking at a trend reversal to 177-180.
If 188 holds then there's no short here and I'd look for price to go back and test that white trendline resistance
