January 20, 2013

IWM Weekend update



  • First chart the weekly time frame shows price sustaining above previous resistance line. Last week also closed near its high's which looks good for bulls.
  • Hope for bears is the resistance line drawn in second chart which must be held to avoid further up moves.
  • Last chart shows MACD Histogram and price negative divergence. Bears need the MACD lines to give a bearish cross for the sell off to start. 
  • DOW JONES TRIPLE DIVERGENCE
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