claydoctor

IWM charts, pick one

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AMEX:IWM   iShares Russell 2000 ETF
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Going into this weekend, with the world events so in flux, are there are others about to make news we don't know about yet? Did the head and shoulders , become the double top classic formation, and if yes, then where do we complete what pattern, and return to what everyone is saying is a long term bull. Let's be honest, this bull equity market is simply the only game in town to get a high rate of return on investment. And, if because of money printing, and debt issues, the bond market actually goes lower, which actually could happen, what then happens when rates do tick up, Yellen smooth or not, inflation control or not, over time or over night? I still think this downtrend completes at least to the long term trend support line , if not the neck line, to what would then be a tweaked HS.
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