IWM - Chart Link - kind of what I
discussed on the weekend IWM on the 60 min is interesting, it's
been consolidating, could be forming a 4th wave of some sort
triangle like pattern and the MA ribbon is pinching along with MACD
recycle back to zero.
If the market pushes again and IWM breaks out of the pattern one
thing to watch for is a new high then a reversal with a MACD
divergence that might finally set up a pullback. Basically another
push would be needed to complete that secnario
IWM 60 min comments
Posted by matt on 11th of Nov 2019 at 12:12 pm
IWM - Chart Link - kind of what I discussed on the weekend IWM on the 60 min is interesting, it's been consolidating, could be forming a 4th wave of some sort triangle like pattern and the MA ribbon is pinching along with MACD recycle back to zero.
If the market pushes again and IWM breaks out of the pattern one thing to watch for is a new high then a reversal with a MACD divergence that might finally set up a pullback. Basically another push would be needed to complete that secnario
Matt how does the possible
Posted by amcap on 11th of Nov 2019 at 03:06 pm
Matt how does the possible rally with IWM jive up with the VIX at a 12 handle with the BB just below? Just asking.