I heard Ron Insana from CNBC today say “It’s Not a Mania” so you shouldn’t be worried. Thanks Ron. You know what it is though is a Stage 3 potential top in the Russell Microcap Index. That’s not something you’ll ever hear anyone on CNBC say. Notice the momentum in the MACD is about to turn negative too, this hasn’t happened since 2011 in this index. If IWC can break below 70 things might start getting interesting on the downside.
