Carter Worth Expects A Pullback In iShares Russell 2000 Index (ETF)

Carter Worth spoke on CNBC about iShares Russell 2000 Index (ETF) IWM and he shared his technical analysis of the ETF with the viewers. He showed that the ETF is trading at the same level it traded one year and 11 months ago and added that its maximal gain and the maximal draw down were 11.1 percent and 16.9 percent, respectively. iShares Russell 2000 Index (ETF) outperformed the S&P 500 in December in 24 of the last 36 years and this year it is down considerably more than the S&P 500. So far the ETF dropped 2.85 percent in December and the S&P 500 is trading 1.45 percent lower. Worth presented a chart of iShares Russell 2000 Index (ETF), which shows that it is currently trading above its trend line and he explained that the most likely scenario in his opinion is a move lower towards the trend line. He expects a pullback of 6.5 to 7 percent.