Tomorrow

[mklein9]

Billy, agreed about the situation for sure. Here's a pivots chart that I use to give me a view. With today's close (not shown on the chart), this fall has broken through all pivot supports and is now in no-man's land with only isolated weak support starting with MS2 at 73.45.

-Mike

[Adriano]

With today's close (not shown on the chart), this fall has broken through all pivot supports and is now in no-man's land with only isolated weak support starting with MS2 at 73.45.

-Mike

Isn't Q S1 at 75.24 and S S1 at 75.05? Both medium-strong supports? I can be wrong of course.

Looking at the IWM daily chart I can see that current levels were reached at the end of January. I also notice that RSI is as low as it was in July 2010, and that the July and August 2010 lows look a bit like the June 2011 and current lows. Wishful thinking perhaps.

[Adriano]

Isn't Q S1 at 75.24 and S S1 at 75.05? Both medium-strong supports? I can be wrong of course.

Yes I was wrong, Q S1 seems to be at 77.75 and S S1 at 77.56. Never mind.