timwest
Short

Russell 2000 IWM Daily Time at Price DOWNTREND analsis

AMEX:IWM   ISHARES RUSSELL 2000 ETF
238 2 4
118.6 stop

9 Day Downtrend in place after 9-days at 118.6

Tuesday was day 1.

Price objective 114.5

Risk 118.6

Last 116.62

Tim 10:26AM EST 3/26/2014
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timwest PRO
2 years ago
My script doesn't run for all to see the purple and orange bars. Therefore, the bars appear to be different colors here than what I have on my screen. I might add a chart to show the inside/outside bars to show how much "CHOPPY INACTION" there has been at these levels for the past month.

Choppy inaction just means the market is waiting for news. But often if there is no news, the market goes to where the last news was. I'll have to work on how to describe that. But perhaps just to the next larger time frame, perhaps the 66-day moving average of price, for example.
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timwest PRO
2 years ago
TARGET REACHED TODAY - very quickly
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