On the weekly time frame our last higher low of support was $164.20. Any further consolidation above that price will still be a higher low on the weekly chart keeping the bulls in control of that time frame.
IWM Daily Chart:
IWM Weekly Chart:
IWM (Russell 2000) Technical Analysis
After consolidating on the daily time frame IWM formed a daily inside bar and had a bull break from that inside bar resistance today. The next major resistances on the daily time frame are $169.37 and the all time high of $170.20. Support on the daily time frame is the new low of consolidation at $164.20
On the weekly time frame our last higher low of support was $164.20. Any further consolidation above that price will still be a higher low on the weekly chart keeping the bulls in control of that time frame.
IWM Daily Chart:
IWM Weekly Chart:
On the weekly time frame our last higher low of support was $164.20. Any further consolidation above that price will still be a higher low on the weekly chart keeping the bulls in control of that time frame.
IWM Daily Chart:
IWM Weekly Chart: