Biggie Smalls

By -

I would like to humbly suggestion that small caps are overbought. Observe the IWM and the Bollinger Bands from SlopeCharts below. We are pressed right up against the upper boundary.

slopechart IWM

I would augment this argument with the horizontal show below. This is the third time we have approached this level. It appears to be a meaningful resistance zone.

iwm