04/03 – 04/07 Russell 2000

IWM

As we see in the chart of IWM ( traded etf for Russell 2000 ) we have a move up from post Trump election with second lower low(LL) previous week when we broke 135, also deserve to mention that IWM is the only who make a series of 2 consecutive LL while all market make only one, knowing this we can assume that this sector is the weakest.  The prior pivots for trading this week are $138.73 and $132.40.As long as IWM hold below $138.73, stay bearish and watch for follow through to clear $132.40 trading weak stocks . If bulls build up power and broke $138.73 i will avoid small caps.

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