CosmicDust

IWM weekly - on right shoulder support

AMEX:IWM   ISHARES RUSSELL 2000 ETF
IWM
27 0 2
iwm
Turned out 40 week MA is a strong resistance. Now it formed a small right shoulder and landed on the support line, which is significant. If the right shoulder breaks down, it may revisit September low ($104 level).
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