Why hasn't the IWM (Russel ETF) moved like the rest of the market today? hm. That has given me confidence, as in the prior breakdown IWM was a leading indicator.
We still have our daily Stochastic in overbought and had crossed a few days ago.
50 EMA very close as resistance.
A multitude of Other resistances in this area including fibs, from various tops.
Could this be the final flush out?
Change of behavior in the futures markets these last few days.
Earnings coming up, - uncertainty.
Continual geo political uncertainty.
Stay safe if your long at these levels.
We still have our daily Stochastic in overbought and had crossed a few days ago.
50 EMA very close as resistance.
A multitude of Other resistances in this area including fibs, from various tops.
Could this be the final flush out?
Change of behavior in the futures markets these last few days.
Earnings coming up, - uncertainty.
Continual geo political uncertainty.
Stay safe if your long at these levels.
Comment:
I removed the volume on this chart, but on the daily: Price rise on decreasing volume... That is another reversal signal. ... Secure your 401ks!
