The divergence between USO n IWM has begun to turn. IWM has been moving up on declining volume, likely short squeeze. All indicators look to be rolling over and IWM has finally closed under trend since its most recent bottom.
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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.