goodguy

Weekly IWM log: Are the candles trying to light our way?

Short
AMEX:IWM   iShares Russell 2000 ETF
Last week we had a great example of a bearish harami candle formation on the weekly chart. A few weeks previously we a weekly bearish engulfment.. The intermediate tend line is broken from last October. Still the long term up trend line is intact but I think there is a good chance we will be at least testing that line, esp if we finish the week with an another bearish engulfment formation. We'll see. Have a good week. Goodguy.
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