IWM Weekend update

  • IWM Daily line chart shows price near resistance line.
  • For the last two weeks price is showing good support at 20 Week SMA. For bears of IWM This has to break on closing basis for a bigger correction to follow.
  • Weekly MACD shows a sell signal But this one has to be supported by price action. So price has to fall back into the channel shown in last chart for the sell signal to be effective.

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