November 3, 2013

IWM Weekend update

  • IWM Correction in weekly chart is happening in a bullish channel. Bigger corrections will not be possible till the channel holds.
  • Daily MACD shows a sell signal which may take price towards the channel support line again. Price closed at the 20 Day SMA on friday. If price starts to trade below 20 SMA, IWM should fall towards the support line.
  • INTEL Shooting Star Candlestick pattern

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