CosmicDust

IWM daily - falling wedge exhausting - 2/12/2016

AMEX:IWM   iShares Russell 2000 ETF
iwm
I have been expecting a short term bottom for a while so far not materialized. With the failing wedge exhausting, and RSI diverging, a counter trend rally case is still there (like $107 level). But before that can even happen, It will have to break out the wedge as a very first step.
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