themarketzone

Can it break? or we'll get the confirmation for the False Break?

AMEX:IWM   ISHARES RUSSELL 2000 ETF
After the breakdown of the uptrend line, can the $IWM finally complete the reversal?
For now, with the help of the Fed, there are breakout signs that suggest that the $IWM can continue higher, but is it a real break? or a Christmas False Break?
Two lines to monitor over the next 2 weeks.
120$ is definitely and interesting zone in $IWM
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Tomer J,
The Market Zone - You trading Edge
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