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Short: IWM

|Includes: iShares Russell 2000 ETF (IWM), SPY
IWM –  Russell 2k Index

 
Recently broke down through first level of ma support @ 80.48 and fib support @ 80.23 (23.6% retrace) on June 6 on the 2 year daily chart. Next level of support is @ 76.23 on fib retrace (38.2%) followed by second level of ma support currently at 75.24.

 

 
Minor Interim support levels between 79.24 entry and ma support at 75.24 are 78.18 & 77.50

 
Fib Resistance levels 80.23, 81.98,83.18, 84.53
MA resistance level currently at 80.59

 
Return vs. 79.24 entry ($ as of this note)
$76.23 = 3.94%
$75.24 = 5.32%
$72.95 = 8.62%

 
Stoploss levels vs. 79.24 entry
7.5% = $85.18
5% = $83.20
2.5% = $81.22

 
Vs. Fib resistance level
1.23% = $80.23

 
Vs. MA resistance level
1.67% = $80.59