IWM was on a nice uptrend until it just bearishly flagged this last week and closed at its first support and below 25 day EMA. With heavier bearish than bullish volume, I'm expecting IWM to ride down the right side of the bearish triangle breaking support 1 and possibly try to reverse and retest resistance once it hits support 2.. If stoch is driven up a bit and the retest fails, short while setting alerts with small shares and if it drops below its second support at 131 look to add some shares on to the short setting alerts around 116 as that is its 3rd support and pivot point for original uptrend.
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