Small Cap Shakeout or Something More??? $IWM #trading #stocks #markets

The Russell 2000 ETF posted its third straight day of heavy distribution accompanied by the highest volume day since March 1st. Is this just a shakeout within a longer term bull trend, or the start of a more meaningful correction? We will be watching the participation levels on any ensuing rallies, while keeping a close eye on the current market leaders for some clues as to where we may be heading. The index marked its sixth distribution day in the last 18 sessions setting off a noteworthy caution flag for us.

IWM

-CJ

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