December 27, 2012

IWM Chart analysis

  • IWM Daily chart shows price near 20 Day SMA.
  • Weekly chart too shows support at 20 Week SMA which is at 82.26 level.
  • Last chart shows price trying to stay above weekly falling resistance line. For bears price should fall back into the pattern and below 20 Week SMA for a bigger correction.

1 comment:

  1. This is another example of why you're in my blogroll. I love the focus you bring to your posts. Great stuff. Thanks again.