March 9, 2013

IWM Weekend update

  • IWM Daily chart shows a Hanging Man candlestick pattern. A negative opening and bearish close will confirm the pattern.
  • Second chart shows price moving up in a channel. Daily RSI shows negative divergence. Price yet to show weakness in daily or weekly time frame.
  • Weekly chart shows a bullish candle. Up move is likely to continue if price stays above 92.68 levels. Weakness on trading below 92.68 levels.
  • APPLE WEEKEND UPDATE
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