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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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Wrap Your Hands Around This Level for the Little Guys

chessNwine Fri Jul 18, 2014 11:50am EST 2 Comments

1htMGik

Into this check-back bounce, watch that breached/former support $114 level on the small cap ETF, which I have highlighted for you on the 30-minute chart as the lower light blue line.

We should see if bulls have more bounce in them above there. A rejection would render today’s move to be simply a mechanical relief move.

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IWM

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2 comments

  1. Bruce Keller
    Bruce Keller
    July 18, 2014 at 12:01 pm

    Got my popcorn ready.

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  2. IWINMOSTLY88
    IWINMOSTLY88
    July 18, 2014 at 12:12 pm

    SHORT EXEL $$$
    BAD NEWS COMING

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