Chart Of The Day: IWM

IWM Daily Chart.

The iShares ETF (NYSE:) tricked longs back in the fall of 2021 and that “false breakout” led us to a breakdown.

Once again, the break back above the 209.50 level this week may have led to another “false breakout.” Can we see a move to the 188.00 level and beyond?

I think bulls have something to think above. Fool me once.

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