What We're Reading

Possible Small Cap Double Top

Some technicians draw with a wide crayon but when I see exact touches in a pattern, I feel it adds to it's validity.  Such is the case in IWM (daily and weekly shown).  The chart is simple to understand and we may simply be carving out a consolidation or trading range during these Summer doldrums however if lower support breaks with volume, then watch out.  Click chart to enlarge.

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