November 13, 2013
- IWM Bullish channel shows price consolidation for the next upper breakout. This stair step up move is likely to continue.
- Weekly MACD Histogram and price shows good divergence, But this is of no use until price shows up some weakness.
- Immediate weakness below 107.14, Bigger time frame can confirm weakness only on closing below 20 week SMA.
- CISCO Chart Analysis