sp'60min
IWM, daily
*on any basis, IWM is starting to push its way through even the most lenient descending trend line.
Summary
The hourly 10MA - now at sp'1340 is first soft support. So, the bulls could easily tolerate a fall to 1345 Monday - not that I expect it anyway.
Its looking like a break/gap over 1363 will occur Monday. IWM/Rus'2000 already is above the FOMC highs..and that has to be a major warning that the sp/dow. etc, will follow.
A little more after the close.