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IWM could not renew 13-year uptrend and broke below 7-year trend

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iShares Russell 2000 ETF (AMEX:IWM)  
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AMEX:IWM   iShares Russell 2000 ETF
IWM smallcaps small CAPS smallcap
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iwm smallcaps small caps smallcap
Small Caps (IWM) - It seems IWM is having a hard time making it back above the black line (13-year trendline) this week and closed right below the purple line (since-2009 trendline) today. Note that in early January IWM broke below the purple line for the first time and dropped a lot.

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