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stronger today...
Yes but is it last gasp?
This has all the makings of a maturing death cross. Lots of SPY stocks are popping up through similar patterns and may be looking falsely strong. Looks like the gap just above is a nice spot to short the IWM, symm and fib tgt to 103 and change.
I guess we agree.
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IWM daily chart showing signs of weakness and has a potentially ominous pattern . It led for several years and is 7 % off of highs .
Posted by rbreese on 2nd of May 2014 at 12:22 pm
stronger today...
Posted by shopper on 2nd of May 2014 at 12:39 pm
stronger today...
Yes but is it last
Posted by rbreese on 2nd of May 2014 at 12:49 pm
Yes but is it last gasp?
IWM gap fill just above , downside symm to 103.4
Posted by cmunny on 2nd of May 2014 at 01:06 pm
This has all the makings of a maturing death cross. Lots of SPY stocks are popping up through similar patterns and may be looking falsely strong. Looks like the gap just above is a nice spot to short the IWM, symm and fib tgt to 103 and change.
I guess we agree.
Posted by rbreese on 2nd of May 2014 at 02:06 pm
I guess we agree.