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IWM Continues to Struggle in the White Resistance Zone

IWM has been trading within the white resistance zone between $205.31 and $210.44. IWM has been struggling to break through this resistance barrier, and is trending for a red day due to the stock market’s selloff after July CPI numbers were announced. With rate cuts approximately 1 month away, IWM will need to form a bullish breakout soon to give small caps some time to rally.

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