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Testing broken resistance - Will it hold? $IWM had a nice reversal over the last trading week, which I've i traded successfully (special alert letter was sent to the Elite Zone members - Become an Elite Zone member - www.themarketzone.net) Now $IWM is facing the same resistance it broke during February and it should act as support (if it wasn't a false break) 120$ is the crucial zone to monitor this week Read the full analysis and more in this week's Weekly Markets Analysis newsletters: marketzone.tumblr.com Subscribe to the newsletters: www.themarketzone.net Send your charts requests over the weekend: themarketzoneforex.wix.com
AMEX:IWM
by themarketzone
1
Two possible scenarios for the coming week - 198 is the keyThe $SPY is testing 198 (previous ATH) for the third time. A break of this level can lead the the $SPY all the way to the top of the trading channel and to the important 200 level. Two short scenarios - One from current ATH level and one from 200 if the $SPY will reach it. The two scenarios present a very good R/R. If you want to read the full analysis and more analyses I prepared in the Weekly Markets Analysis newsletter, click on the link below marketzone.tumblr.com
AMEX:SPYShort
by themarketzone