CLICK ON CHART TO ENLARGE

Shared the above chart on Stocktwits yesterday (see post here).

The Russell 2000 is up against a resistance line that has been important since the 2009 financial crisis and has formed a bearish rising wedge, which is breaking down.

This pattern could really end up stinking for small caps and could spill over into the broad markets!

Follow us on Stockwits (here) …..@kimblecharting

 

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past