iShares Russell 2000 ETF (IWM) declined $4.03, or 1.37%, on September 9 to close at $290.64, with 18.9 million shares traded — above the 16.6 million average — as selling pressure weighed broadly across the small-cap complex. The long-term FUM trend remains BULL, while the short-term signal is DOWN, a stance active since September 2 when the model shifted at $294.01. The FUM Score of 20 reflects weak technical conditions. Price sits below all three FUM moving averages with MACD momentum in negative territory, indicating the Russell 2000 has not yet found the stable base needed to mount a recovery.