The Russell 2000 is heading downtown to chinatown
https://www.tradingview.com/x/otuNfcs4/
The IWM is currently in a bear flag that has been forming for the past 2 weeks now, withing a bigger head and shoulders pattern that topped out on May 15th @ 209.77. I expect the bear flag to break sometime next week if not friday this week. First target is the neckline of the H&S at $195. If this breaks that will activate the H & S and target for this, depending on when the pattern is activated, would be around $180-$170 area.
IWM
The IWM is currently in a bear flag that has been forming for the past 2 weeks now, withing a bigger head and shoulders pattern that topped out on May 15th @ 209.77. I expect the bear flag to break sometime next week if not friday this week. First target is the neckline of the H&S at $195. If this breaks that will activate the H & S and target for this, depending on when the pattern is activated, would be around $180-$170 area.
IWM 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.