IWM Short Setup Tuesday, Test $138.58 Support

IWM has hit long term resistance at $144 and bounced down off it. This looks to be setting the stage for a reversal, at least in the short term, Tuesday. Be careful out there, as the markets have been trading sideways for a week now.

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IWM opened lower and bounced back into the channel. Going to be interesting when it hits the 50ema.