The website has been experiencing technical issues today due to issues/outages at the web hosting company’s servers which have prevented me from uploading or posting any charts/updates. The issues started after I had taken screenshots of the 60-minute stock index futures charts below so they reflect prices as of just…
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@rsotc Randy, if IWM closes below 160.70, the breakout last week would become a fake out, bearish?
@araleia – I totally agree, I believe if IWM loses altitude I think that would be a strong clue
Each time IWM failed a breakout this year resulted in a significant drop of the market. Yeah!
I address that in the video that was just published. Essentially, it is fairly common for a stock or index such as IWM to move marginally below the previous breakout level before resuming the uptrend in the direction of the breakout. The breakout level on IWM was approximately 159-161 on IWM & there is some support from the lows on the candlesticks just before the breakout around 157.25 or so which is where I think that we would be able to say that the recent breakout has failed with a fair degree of conviction, if IWM makes an impulsive move… Read more »
A hell of a time for technical issues