IWM Chart Note: Nearing Important Price Zone

Brad Tompkins

Stock Charts, Chartology, See It Market, seeitmarketBy Brad Tompkins
I was running through some charts late yesterday and noticed that IWM (Russell 2000 iShares) is nearing an important support/resistance confluence zone.

The reaction over the next week or two will tell us more about whether or not we’ll see a year-end rally. So keep an eye on the small caps. See chart below.

iwm, russell 2000, small caps, chart analysis, technical analysis, support, resistance, november 15, 2012

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