December 9, 2012

IWM Weekend update


  • First chart shows a trading range in daily chart.
  • Second chart shows price trying to hold above 50 and 100 Day SMA.
  • Possible inverted head and shoulders pattern in daily chart.
  • Weekly chart shows price holding above 20 Week SMA on closing basis. Sustaining above 20 Week SMA should favor bulls of IWM.

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