May 2, 2013

IWM Chart update

  • IWM Daily chart shows price closing below 50 Day SMA.
  • Weekly MACD has a sell signal, But price is yet to confirm a breakdown in weekly chart.
  • Crucial levels for IWM Bears to close below are 23.6Fib level, 20Week SMA and more importantly price should close into the channel shown in second chart to weaken IWM Bulls.

No comments:

Post a Comment