IWM: Breakout or Rejection
If anyone has placed their position in IWM few days ago when I wrote my analysis on IWM, please be careful with tomorrow's small caps market as IWM has reached to the crucial pivotal resistance point, either they could breakout and all small caps stocks will continue to rally OR a strong rejection to downside. Small caps stocks like DKNG, PENN, AMC, CROX, UPWK, NVTA, APPS, M, FUBO will be affected accordingly. Plus, Jerome Powell will be speaking tomorrow at Jackson hole. Be mindful.
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