February 21, 2011

IWM Weekly chart analysis

  • IWM Weekly chart with the channel formation.
  • Price is trading in the bullish part of the channel and heading towards the resistance line of the pattern.
  • Next major resistance is seen at 86.05.
  • above 86.05 price will hit the resistance line of the channel.
  • Price will favor bears only if it trades below the middle line of the channel formation.
  • APPLE WEEKEND UPDATE

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