December 15, 2013

IWM Bullish channel update

  • IWM Weekly chart shows price correction towards the channel support line. Price also nearing the 20 Week SMA. Weakness in weekly chart only on price closing below 20 Week SMA.
  • Last chart shows Chaikin Money flow indicator in weekly time frame withe Negative Divergence. Price yet to confirm any weakness. For bears need price to close below 20 Week SMA for confirming weakness. 
  • CISCO Weekly Broadening pattern

No comments:

Post a Comment