IWM

A Bona Fide Breakout

(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