Index is wildly overvalued at 55x.. while market is making back to back new highs, IWM has been lagging along w/ the qqq, both leading indicators. Oil has been yelling slowdown, IWM has been ignoring but I believe will now be listening as the huge divergence between the two indexes should converge with IWM making up most the ground. IWM has been moving up on declining volume. It would not be suprising to see IWM retest those lows and unlike large caps, it wont take weeks, it will be a very short duration event.