IWM - The 50DMA has rejected price action during 8 days already

$iShares Russell 2000 ETF(IWM)$ - The 50DMA has rejected price action during 8 days already, while the 20DMA has acted as support. Which one is telling the truth? The weekly chart open for everyone last week anticipated the recent decline.

Bullish signals closing the day above $229, Bearish confirmation (most likely) when $224 is breached.

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If we could predict that routinely ...we'd be millionaires ! its a complicated formula, as it relates to fear index as well as price change in major indices. The chart below attempts to show past moves in $Cboe Volatility Index(VIX)$ using $SPDR S&P 500 ETF Trust(SPY)$ as the index, Green shows SPY drop, Blue shows VIX rise.

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Which one is telling the truth? The weekly chart open for everyone last week anticipated the recent decline. Bullish signals closing the day above $229, Bearish confirmation (most likely) when $224 is breached.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/6f93e7ca09c4a9a1230b92fb53d8a6ae\" tg-width=\"900\" tg-height=\"618\">ImageIf we could predict that routinely ...we'd be millionaires ! its a complicated formula, as it relates to fear index as well as price change in major indices. The chart below attempts to show past moves in <a data-mention-id=\"VIX\" class=\"teditor-mention\" data-mention-name=\"Cboe Volatility Index\" href=\"https://ttm.financial/S/VIX\">$Cboe Volatility Index(VIX)$</a> using <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> as the index, Green shows SPY drop, Blue shows VIX rise.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/48d761f88d4ffbffcc0e80d248940de0\" tg-width=\"768\" tg-height=\"827\">Image</body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\"IWM\" class=\"teditor-mention\" data-mention-name=\"iShares Russell 2000 ETF\" href=\"https://ttm.financial/S/IWM\">$iShares Russell 2000 ETF(IWM)$</a> - The 50DMA has rejected price action during 8 days already, while the 20DMA has acted as support. Which one is telling the truth? The weekly chart open for everyone last week anticipated the recent decline. Bullish signals closing the day above $229, Bearish confirmation (most likely) when $224 is breached.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/6f93e7ca09c4a9a1230b92fb53d8a6ae\" tg-width=\"900\" tg-height=\"618\">ImageIf we could predict that routinely ...we'd be millionaires ! its a complicated formula, as it relates to fear index as well as price change in major indices. The chart below attempts to show past moves in <a data-mention-id=\"VIX\" class=\"teditor-mention\" data-mention-name=\"Cboe Volatility Index\" href=\"https://ttm.financial/S/VIX\">$Cboe Volatility Index(VIX)$</a> using <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> as the index, Green shows SPY drop, Blue shows VIX rise.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/48d761f88d4ffbffcc0e80d248940de0\" tg-width=\"768\" tg-height=\"827\">Image</body></html>","text":"$iShares Russell 2000 ETF(IWM)$ - The 50DMA has rejected price action during 8 days already, while the 20DMA has acted as support. Which one is telling the truth? The weekly chart open for everyone last week anticipated the recent decline. Bullish signals closing the day above $229, Bearish confirmation (most likely) when $224 is breached. Image If we could predict that routinely ...we'd be millionaires ! its a complicated formula, as it relates to fear index as well as price change in major indices. The chart below attempts to show past moves in $Cboe Volatility Index(VIX)$ using $SPDR S&P 500 ETF Trust(SPY)$ as the index, Green shows SPY drop, Blue shows VIX rise. 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