The IWM is sitting at critical support!!!

On Friday, the IWM broke through a multi year support line (beige) and closed below a multi year parallel channel. Thankfully, it found support at its 200 day MA. If the IWM cannot recapture the inside of the parallel channel this week and confirms a close below the 200 day MA - watch out below. This should be on every one’s watch list this week because where the small caps go - every other risk asset will follow!!!