ITB watch - trading range with a bearish bias - 1/15/2015

iShares U.S. Home Construction ETFArca

Description

⋅ Jan 15, 2015 7:25 PM

Unless red resistance(s) get cleared, there is no case to long ITB. But a trading range seems to be there. Sell long position If blue support breaks.

Comments

QuantitativeExhaustion

⋅ Jan 15, 2015 7:25 PM

Chart of Gold? Looks frothy

CosmicDust

⋅ Jan 15, 2015 7:39 PM

Short term pullback possible, then if breaks out, target $127. Looks plausible? : -)