iShares Russell 2000 ETF

IWM update - rising wedge exhausting - 6/12/2015

52
Two possible cases:

A - down to pink support ($120 level), will re-evaluate once we get there.
B - break out and keep climbing to the upper blue resistance.

Small cap is relatively strong recently so probably bulls are targeting B. So it is a buy if both RSI and price break out as it may reach $140+ level.

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