Market Update: IWM 11/4/2016

November 4, 2016

I’m watching the $IWM as a market proxy. IMO purest market signal right now. Approaching 114 magnet:

  • Weekly 50ma
  • Weekly Lower BB
  • 38% Ret back to Feb. 16 lows
  • Daily 200ma
  • Topping Pattern  (with textbook island reversal) Projection
  • iwm


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