November 19, 2012

IWM Weekend update




  • IWM Weekly chart below 50 and 100 Week SMA. Weekly stochastic is yet to reach oversold zone and It is yet to show a turnaround. If 38.2% Fib level and Last week's low 76.13 fails to hold we may see more correction in IWM.
  • If Friday's up move holds then we may see price moving towards 50 and 100 Week SMA. Falling resistance line shown in last chart could be the target if the Bounce continues.
  • S&P 500 ANALYSIS AFTER CLOSE
  • APPLE WEEKEND UPDATE
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