IWM Looking rather topped out....

iShares Russell 2000 ETF (AMEX:IWM)

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AMEX:IWM iShares Russell 2000 ETF

trendanalysis chartpattern crazymarket howhigh sohigh rut spy spx

Now I have seen alot of talk of IWM going to the moon.... Well looking at the weekly chart, it seems that we are at the top top, of a parabolic rise in a very volatile market, even drawing in trend lines from before 2009 we are converging to a high point. Now, do not think for a moment that I am sure of a downturn, because we all know, the market does what it wants.... but I also know I am not going long right now!

Komen:

;)

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