April 4, 2013
- 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
- SPX Testing 23.6% Fib level.
- Price correction followed by clear negative divergence with Price and RSI.
- Recent falls like this has limited itself to the Daily Lower bollinger band. Price is likely to test this level again.
- ES CORRECTION AND SUPPORT LEVELS