IWM has been quite weak for the last few days. All three of the big guys are sitting near support areas which seem to have good chances for failing. If IWM moves sharply below 204 a dreaded megaphone pattern will emerge.
Anyone buying LABU in early February to get enough money to buy a new S Class in April had their hopes dashed by early March. Probably not even James Bond could have bought the Mar 5 low at 70.33, which held for less than 3 weeks.
All in all though, things don’t seem that bad, there has been a lot time to adjust portfolio sizes.
