February 28, 2013

IWM Chart analysis


  • IWM Daily chart bouncing from lower bollinger band. But price failed to close below 20 Day SMA
  • Second chart shows price violating the bullish channel. Bears need price to break 50 Day SMA for bigger correction to happen
  • Weekly chart shows price testing support lines. Bears need a weekly close below these lines for bigger correction to happen.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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1 comment:

  1. Markets Quantified
    NIFTY 28-Feb-2013
    Current Market Situation :

    NIFTY current close : 5693
    NIFTY resistance level : 5756
    NIFTY support level : 5589
    NIFTY sentiment : sideways
    NIFTY dominant cycle period : 17 days


    Levels Tomorrow :

    NIFTY intraday resistance 1 : 5717
    NIFTY intraday resistance 2 : 5744
    NIFTY intraday resistance 3 : 5784

    NIFTY intraday support 1 : 5669
    NIFTY intraday support 2 : 5642
    NIFTY intraday support 3 : 5602

    Markets Quantified

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