IWM's momentum has turned negative and the situation is very bad, though this is an area where a rebound should be seen; that bounce is unlikely to last, with early to late November pointing to the bottom for the index. For an investor, IWM shows only a slight downward trend.

As you can see , the Russell index is here. This Russell indicator chart shows that the momentum has turned negative, and the situation was very bad. Once again, we are in an area where we are supposed to see a rebound .

There should be a recovery here, and then we'll reach these selling zones. Now, these areas are declining. So I will update these numbers. I made an update yesterday, but we will need another update during this weekend.

This is supposed to be an area where we could see a bounce, but that bounce is unlikely to last, as this points to early to late November as the bottom for this index. This is early November. This is late November for this bottom.

The IWM indicator shows only a slight downward trend if you are an investor,