Some technicians draw with a wide crayon but when I see exact touches in a pattern, I feel it adds to it's validity. Such is the case in IWM (daily and weekly shown). The chart is simple to understand and we may simply be carving out a consolidation or trading range during these Summer doldrums however if lower support breaks with volume, then watch out. Click chart to enlarge.
Read More, Comment and Share......
You can't use this site and its products or services without agreeing to the terms and conditions and privacy policy.
We welcome you to post a blog entry, oped or share your daily reading with us as long as it is relevant to the topic of investing and not an attempt to sell a product, proprietary strategy, platform or other service. Please provide links to any research data and if re-posting other articles, give credit where credit is due providing a back link to the original site.
300 words minimum per post. You may also sort by category or search by topic. Don't forget to comment and please "share" via Facebook, Twitter and Google+. If you have any questions, please contact us.
__________________
