Browse Stacks: Patterns: Pennants: IWM - Daily - 3.23.16.png

IWM - Daily - 3.23.16.png

IWM daily. This is not investment advice. 

Addendum added on 3.29 @ 3:00 pm EST: Massive distribution seen in intraday ES on the move up to ES 2046. Looks like the small caps may actually top here with the market with a post-Yellen fakeout breakout. The broken trendline setup worked for a little while, at least.


Holy Hand GrenadeHoly Hand Grenade
Going back a bit further, one sees nothing but llower highs, and a failed break above a 100 day moving average. So I reject that notion. 3/25/16
Holy Hand GrenadeHoly Hand Grenade
Sorry about the Welsh spelling on llower. 3/25/16
@Holy_Hand_GR: Please see this link for a better look at my broken trendline scenario. Using the TF futures shows better the process that is taking place. 
http://slopeofhope. com/socialtrade/dynamic/file/full/19977 3/29/16