Weekly chart - Testing resistance
IWM had a strong week.
It is still in what I consider a Resistance Zone.
So I'm currently looking for bearish positions and signs of weakness.
Notice that IWM has generated strong moves before that turned out to be false moves.
It will be interesting to see at which price levels we'll close the year.
It is still in what I consider a Resistance Zone.
So I'm currently looking for bearish positions and signs of weakness.
Notice that IWM has generated strong moves before that turned out to be false moves.
It will be interesting to see at which price levels we'll close the year.