IWM may take an extended break from the selling here

16 May 2014

Many seem to think every rally in IWM is a chance to sell. I actually agree with that, bigger picture, as the highs are in, in my opinion. Just be prepared that it could be a couple weeks, and 116 area, before the downtrend resumes. So if you were shorting at the lows, it might be risky to hold on here. SPY has another date with the highs, IMO.