IWM a little more to go.

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IWM a little more to go.iShares Russell 2000 ETFBATS:IWMFraggle_Rocklongs from monday(if there are any) will be forced out. bottom of channel/gap is still the target. i expect it to fall significantly out of channel whenever it does finally make it down there. from that bottom of channel/gap i think we will get a few days of positive movement and then yet another force out move (probably friday) that might go below the feb 5 low. if we get that move and some bullish divergence on the 4 hour then we will have a really good entry. so beware any long term positions unless the feb 5 low is cleared and divergence is created doing so. there is a possibility this thing crashes, but there's no fun in that.