January 13, 2013

IWM Weekend update

  • IWM Monthly chart shows price violating previous resistance level.
  • Second chart shows a resistance line in weekly chart which has worked well so far for bears.
  • Last chart shows MACD and Price with negative divergence. Bears need to see weakness at the resistance line to confirm Negative divergence. Day's closing above the resistance line means possibility of a bigger up move.
  • RIMM WEEKEND UPDATE
  • JP MORGAN CHASE WEEKEND UPDATE
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