IWM rejection at the 18 monthly

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Although there is support for IWM between 182-1, I think the real target will be the combination of the monthly BB and 100 ma, around 158-156. Structural trendline (purple) looks right and it's no surprise it showed up at the 18ma exactly to regect the advance.

IWM divided by SPY is a bull flag, so I expect IWM to sell off much more than spy once it breaks out - which looks to me like it could happen this month.

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Good luck!
Nota
iwm/spy bull flag trendline reached, watching for break today or next week. imagen
Chart PatternsTechnical IndicatorsIWMratiortySPDR S&P 500 ETF (SPY) Wave Analysis

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