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S&P 500
5,099.96
(
1.02%
)
US TECH 100
17,244.00
(
1.57%
)
Dow Jones
38,239.66
(
0.40%
)
Brent Oil
88.17
(
0.00%
)
Bitcoin
63,083.36
(
-1.03%
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Post# of 17387
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TREND1

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TREND1

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Re: TREND1 post# 16068

Friday, 07/18/2014 9:58:25 AM

Friday, July 18, 2014 9:58:25 AM

Post# of 17387
BY ART HILL
IWM sank to new lows for the move and continues to show relative weakness. The ETF broke wedge support to begin the week and never recovered.

I will mark resistance at 115. The next possible support zone is in the 111-112 area. The early June low and 62% retracement mark support here.

The indicator window shows the IWM:SPY ratio moving sharply lower over the last three weeks.

three percent per trade using TNA and TZA
http://investorshub.advfn.com/THREE-PERCENT-PER-TRADE-BY-USING-TNA-AND-TZA-12981/

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