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Divergence Convergence

ggarbacz
Joined Dec 4, 2012
319 Blog Posts

Line In The Sand On The Russell 2000 (IWM)

ggarbacz Tue Jan 12, 2016 10:54am EST 1 Comment

In doing some work last night, I noted that the retracement on IWM from the October 2014 low to the recent high spoke very loudly to me.

Why?

The 100% retracement on IWM for this time is $103.54 and yesterday IWM closed at $103.40. Today we are back above that level but not by much. Currently, IWM is at $103.90 after peaking out at $104.99.

iwm retracement 011215

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One comment

  1. Raul3
    Raul3
    January 12, 2016 at 11:52 am

    the old 100% lol

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