BengalTigger

IWM 30 Min

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AMEX:IWM   iShares Russell 2000 ETF
IWM led the market down and now appears to be coming into some LT support. Only a few days of price action will tell if this indeed is support. For now, 138 is the area to overcome and thereafter 140. If it can clear these levels then further targets will reveal themselves. For now that falling wedge looks ominous. Lets see if plays out. Also, notice the bullish divergence, albeit on a 30 min chart.

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