On a larger time frame one could say that IWM is approaching green zone of it's H&S neckline. All depends how one chooses to interpret charts. Caution is advised:) 6/27/16
It's not just about a pattern or a trendline. I only use those in these charts because it makes it easy for people to understand. More importantly is the volume-range relationship at each support and resistance zone(s) and what they tell us about the tape and where in the cycle the market is currently in. 6/27/16