April 4, 2013

IWM Chart update

  • IWM Closed below 50 day SMA.
  • Immediate support levels are the 23.6% Fib level and swing low of 88.79.
  • If the weekly candle closes around the current levels or lower then correction could extend towards the earlier resistance level of 86 as shown in last chart.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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