IWM Russell 2000 small caps turn around at support

I expect small caps to rebound at support today. Health of mkt depends on small/mid size business. IWM Rut2k had difficulties under the 1.618x fib ext level from 2007-2009. No "Excess Supply " signals is bullish here. SPY hanging just ABOVE 1.5x fib from 2007-2009 and can make a move to its 1.6x fib ext while the IWM runs to its 2.0x fib.
IWMrussel2000SPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY)

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