April 16, 2013
- IWM Daily has broken below 50 Day SMA.
- Price is testing 20 Week SMA or middle Bollinger band.
- Last chart also shows price testing the previous resistance line of a channel. Falling back into the channel on closing basis should give bigger correction for IWM Bears.
- S&P 500 ANALYSIS AFTER CLOSING BELL
- SPX Has fallen to the bearish part of the channel. Price yet to breakdown from the bullish structure.
- Price breaking below the level shown in second chart may add further strength for bears of SPX.
- Last chart shows weekly chart with up trend line and MACD bearish cross which will be confirmed on weekly closing basis.
- GOLD RANGE BREAKDOWN TARGET
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