December 30, 2012

IWM Weekend update


 
  • Daily chart shows a MACD sell signal.
  • For the above signal to work well price has to break below crucial support level in daily and weekly charts. Daily chart is nearing 50 Day SMA and Weekly chart is testing 20 Week SMA. Trading below these levels could lead to a bigger down move in the coming week.
  • DEATH CROSS OF DOWN JONES
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