IWM (Russell 2000 ETF) is the weakest of all major indexes and has dropped down out of its upward sloping trend regression channel that started back at the February panic lows. There is some logic to the effect that the weakest index will break down first, followed by the others. IWM should also be the first index ETF that a will start generating Sell Signals on the way down. As for today's action, so far no new signals, but we do have Repeat Sells on MU and LVS that will likely be confirmed on the close.
