NYSE - i Shares Russell 2000 Index

• 5 day EMA and 20 day SMA crossover system is very effective when it combines with an MACD crossover.
• MACD cannot be used alone. So combining it with the 5 day EMA and 20 day SMA is a nice way to avoid whipsaws.
• If you see in the above chart There are two moving average crossovers displayed here. Both have given good profits. But in between those two crossovers there are two MACD crossovers. But the moving average crossover did not take place. So in this way we can avoid a whipsaw situation and enjoy big profits.
• Coming back to russell 2000 index this one should close above 64 its key support area. Any close below it will take it around 61.
• The index has MACD positive divergence. But the price is not able to trade above the 5 day EMA for more than 2 days consistently.
• Still bears are in control but as long as 64 is not broken bulls have a chance in the near term.

thank you