The bears should be watching today's close of the all important iShares Russell 2000 Index (ETF)
(NYSEARCA:IWM). The close of the day today will determine if multiple bearish patterns will fail on the daily chart. Any close over the $112.90-$113.00 level would send this market into neutral territory from the weakness shown over the past month. With options expiration upon us, anything can happen in the last hour of trade so be on watch.
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Evan Poechman
Elite Round Table
InTheMoneyStocks
