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Limitless
Jan 29, 2014 3:46 AM

IWM Repeat? Long

iShares Russell 2000 ETFArca

Description

3 down days reversal
Comments
ThisTejas
starting from the open of 11/29/2013, you can draw a horizontal line that has acted acted as support resistance already, price has gotten below your MA's and the bollinger band is curling as you mentioned. Perhaps a retest of the horizontal line, which should run price back to your MA's then bearish continuation. That is if the FOMC statement does not create a massive bull candle that blows through everything I just said =)
timwest
The one "BIG" difference this time is that the Standard Deviation bands are spreading out strongly and the close is below the lower band. This is very different from all the other signals. Look at early August and see that initial widening and close below the lower band. Check it out :-)
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