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After reading Pascal's comment below, I'd like to stress that in case of a very strong buy signal at the close, the limit buy entry for tomorrow would be around 78.07 if IWM closes below the 200-day moving average (79.56).
This is one of theses rare occurences - under rare circumstances - where you may give some more wiggle room to today's stop of 78.19, because if the matket bounces tomorrow, the new entry might not be touched.
The risk is of course a 20DMF short signal at the EOD close or a gap down tomorrow morning.
Cumulative Tick is hinting at neither buy or sell programs being active today, so the selling is not coming from large professional players but they are neither buyers so far today.
Billy
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