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This pattern could really be bearish and stink for small caps!
Wednesday, June 5, 2013 9:32
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Shared the above chart on Stocktwits yesterday (see post here).
The Russell 2000 is up against a resistance line that has been important since the 2009 financial crisis and has formed a bearish rising wedge, which is breaking down.
This pattern could really end up stinking for small caps and could spill over into the broad markets!
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Follow us on Stockwits (here) …..@kimblecharting
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Source: http://blog.kimblechartingsolutions.com/2013/06/this-pattern-could-really-bearish-and-stink-for-small-caps/
