Friday, May 29, 2015

$IWM is in the cloud which shows indecision about direction



  • Tenkan Sen (blue line) and Kijun Sen (red line) are both in the Kumo (cloud) which shows indecision about $IWM's direction and momentum
  • Leading Kumo is thin and confirms indecision about direction
  • Chikou Span is below the price curve and has a bearish tilt
  • Investors should wait before investing and protect gains by tightening stops
  • Visit StockCharts.com to see more great charts.

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