TLTrader
Long

IWM volume accumulation

AMEX:IWM   ISHARES RUSSELL 2000 ETF
IWM             has been under pressure since beginning of July. The chart shown 3 drives down,, a penetration of earlier support and then a quick rebound on 8/12. Volume on strong up days shows accumulation. Oscillators show divergence to price.
I am biased long with a stop at 117.
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