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NorthmanTrader

Markets-Macro-Charts-Alerts-Technicals

Russell Woes

It was an impressive rally in the $IWM yesterday. It has been said that nothing is more vicious than bear market rallies. Now the question: Was it just a bounce or are we moving higher from an oversold condition with $SPX at new highs?

Well, the chart, so far, has one singular message: Lower highs.

$IWM

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Categories: Daily Market Brief

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