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Research The Market's Compass

IWM

(1/2) #RTY #IWM Nothing less than a bona fide break out of the eight month sideways trading pattern in the IWM as the 50-day moving average peels away from the 200 day without violation with a turn in advance decline lin...

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Market signal

Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

IWM

(1/2) #RTY #IWM Nothing less than a bona fide break out of the eight month sideways trading pattern in the IWM as the 50-day moving average peels away from the 200 day without violation with a turn in advance decline line (center panel) and MACD of the A/D line is charging higher. Also note that when the RTY A/D Line made a lower low in August MACD of the A/D Line printed a higher low (yellow dotted line giving an early signal. The RTY A/D Line is easily scripted in @optuma charting software as well as any index. see www.optuma.com

Why this matters

This research story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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