$iShares Russell 2000 ETF(IWM)$ : -3% Decline from the top of the shooting star already, and the MACD crossover is still at a high level.
The 20DMA is offering temporary support, but the candle suggests continuation.
50DMA on the horizon, makes sense.
Any point is valid, IWM has been in sell mode since last week, if the 20DMA is breached things would get ugly,
As long as the 20DMA stays in support position, that thesis is valid, if 20DMA broken = big fall.
How likely is a gap fill in December? Appreciate your point of view.
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