April 16, 2013

IWM Chart analysis



  • IWM Daily has broken below 50 Day SMA.
  • Price is testing 20 Week SMA or middle Bollinger band.
  • Last chart also shows price testing the previous resistance line of a channel. Falling back into the channel on closing basis should give bigger correction for IWM Bears.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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