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Thursday, May 19, 2016 10:16:37 AM
IWM BY ART HILL
IWM Remains with a Bullish Setup
IWM remains in a short-term downtrend defined by the Raff Regression Channel and resistance at 112. A close above this level would reverse the four week slide. CCI and %B became oversold with moves below -100 and .25, respectively. They have not become excessively oversold (> -200 and >0). I am now just waiting for StochRSI to pop above .80 or IWM to break out on the price chart.
IWM Remains with a Bullish Setup
IWM remains in a short-term downtrend defined by the Raff Regression Channel and resistance at 112. A close above this level would reverse the four week slide. CCI and %B became oversold with moves below -100 and .25, respectively. They have not become excessively oversold (> -200 and >0). I am now just waiting for StochRSI to pop above .80 or IWM to break out on the price chart.
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