Don't Ignore This Chart!

Russell 2000 ETF Turns Indecisive At February High

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The Russell 2000 ETF (IWM) is up seven days straight and is now trading near potential resistance from the February high. Notice that an indecisive doji formed on Wednesday. A doji and surge above 90 started this seven day rally. A doji and move below 90 would reverse this seven day upswing.

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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