Two very strong resistance cues: (1) you have the former support turned resistance line (2) you do not have a lot of room for price to advance if it does poke through the resistance line Here is what I am looking for: (a) price to breach resistance line to the upside (b) price to pop aggressively above the upper daily bollinger band (c) harvesting of the late...
Small cap was not able to go above blue resistance this month, and looks like it is backing down.
This is NOT fools day joke! For the past 2 crashes, small cap went through initial trend line break, retest the trend line with strong gains, and then crash. It is experiencing exactly same chart pattern today! So this is NOT a time to be brave!
Russell 2000 showing warning signs and IUX 1150 looks viable which implies TZA near $13. Close and follow through above $13 and continued drop in IUX opens up $14.50 and from there $17.10's holds off $19 's.
Generaly, I do not make public studies concerning IUX unless they is a clear or obvious pattern because contrary to other indexes, I do not follow on hour base this index as I do for SPX DOWI CAC and DAX. Having said that, there is a clear opportunity for those who wishes to enter short RUSSEL 2000 because unless I am mistaken, there is a very very clear double...