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themarketzone

The next price zone to watch

iShares Russell 2000 ETF (BATS:IWM)  
themarketzone  
BATS:IWM   iShares Russell 2000 ETF
Trend Analysis Chart Patterns Wave Analysis
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trendanalysis chartpattern waveanalysis
IWM broke out of a daily trading range last week, and climbed towards a weekly resistance zone.
The yellow price zone that I marked in the chart represents a weekly structure that acted as support... now should become resistance.
The 61.8 Fib level could also generate some selling pressure on IWM's price.
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