Tag

IWM
IWM
13
May

UPDATE: $IWM Russell 2000 Gaps Down Through Support Levels

Today, the Russell gapped down *again* and this time blew through all support. The market is choppy, and without any clear sense of trend, I would be very hesitant to take a bullish or a bearish stance. Better to wait it out and let the market choose the direction.
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IWM 5-09-19
09
May

$IWM Russell 2000 Resting on Heavy Support

Today, IWM gapped down at the open right at 155.52, and pin-pricked swiftly and deeply right through all three levels of support - an alignment of the 50-day moving average, 200-day moving average, and 61.8% Fibonacci retracement - before recovering and closing green on the day (see chart at the very top). The price action...
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