IWM & SPX - Bollinger Band Breached with Indecisive Candle
$iShares Russell 2000 ETF(IWM)$ - Bollinger Band Breached with Indecisive Candle ➡️ It's rare not to see pullbacks to the 20DMA when this happens, anyway the Stochastic is not overbought so potentially the upper band may curl up dancing with the price if there is not a pullback tomorrow.
My previous post for $S&P 500(.SPX)$ shows the price clashing with the upper band, like it happened with Small Caps last Friday, so this specific IWM chart suggests that a pullback is not immediately guaranteed.
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$S&P 500(.SPX)$ Another Day, Another Doji: As the Bollinger Bands narrow and the doji clashed with the upper band, the market's current trajectory becomes even more critical to watch. While RSI divergence can persist for extended periods, it provides a reference for a potential visit to the 20DMA.
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