June 22, 2013

IWM Weekend update

  • IWM Daily chart shows price taking support at the rising trend line.
  • Daily chart also shows crucial support zone at 94.14 - 94.96 and rising 100 Day SMA may also act as support.
  • Weekly chart shows MACD Bearish cross but price does not give follow up by closing below 20 Week SMA. 
  • More weakness only on a daily close below 100 Day SMA and a weekly close below 20 Week SMA. 

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