February 28, 2013

IWM Chart analysis


  • IWM Daily chart bouncing from lower bollinger band. But price failed to close below 20 Day SMA
  • Second chart shows price violating the bullish channel. Bears need price to break 50 Day SMA for bigger correction to happen
  • Weekly chart shows price testing support lines. Bears need a weekly close below these lines for bigger correction to happen.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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