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).
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.