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Truth is timeless: “Markets never change” – Jesse Livermore, 1923 The early masters, Livermore, Wyckoff and Loeb isolated themselves from the crowd and crowd thinking. None of them ever graduated high-school and yet they each became legends in the market. Their techniques have been time-tested.... More
  • Russell 2000 Holds Below Resistance 0 comments
    Jul 21, 2014 4:10 PM | about stocks: IWM

    The Russell 2000 opened below the 114.00 axis line (resistance level) as shown by the iShares Russell 2000 ETF (NYSEARCA:IWM).

    Today's price action could not penetrate the resistance area to the upside and the down-trend remains intact (although being tested).

    (click to enlarge)IWM Daily Chart

    Chart by TeleChart

    If the down-trend line is penetrated to the upside in the next session, then the current move (lower) in the IWM may be complete.

    Disclosure: The author is long TZA.

    Additional disclosure: For illustration only. Not investment advice

    Stocks: IWM
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