IWM it’s almost been a year since our warning
9/22/2014 – the IWM has been getting a lot of news lately and well it should. just wanted to point out the below charts that warned of 113-120 being very stiff resistance if not a TOP back in November of last year … sure looks like distribution but, knowing nothing of the fundamentals I will reiterate over and over and over and over (get the picture) on my blog that’s it’s simply a PATTERN. Sometimes they work, sometimes they don’t. Manage the risk ….
note the same fractal present as 2007 .. still believe the 108 handle will be key to supporting either the bulls or the bears …
11/26/2013: the “zone” of 113-120 should be very strong if not the “top” for a while … if this pattern fails, I’m going into gardening.