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This is an excerpt from Hedgeye morning research. Click here to learn more.

 

The Russell 2000 (IWM) tried her best @Hedgeye TREND resistance (1187) and failed (again).

 

The Small Cap Bottom Is In? Really? You Sure About That? - 59

 

We can’t begin to count how many people who A) missed shorting this in July now saying B) the small cap “bottom is in!” But it’s a lot of people. 

So fade that as the Liquidity Trap that has been this index just made yet another lower-all-time-#Bubble high.