SPX & IWM: Price action shows signs of consolidation

SmartReversals
11-09

$.SPX(.SPX)$ : Price action shows signs of consolidation considering the candle that presents an intra day retrace from the highs.

Since this is the second day in a row above the higher Bollinger band, and the oscillator entered in overbought zone, the prospects of a visit to the 20DMA are higher. The gap is in the 20DMA zone.

Did you miss the rally today? No worries the rally was only +0.38%

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$iShares Russell 2000 ETF(IWM)$ - Also in the club of Bollinger rebels

As presented before for $.SPX(.SPX)$ and $NASDAQ 100(NDX)$ , price action is above the higher band, and Small Caps have the biggest gap of all the indexes. Will it be filled immediately?

Let's hit 150 likes on this IWM or the previous NDX post! As a reward, I'll share a detailed weekly chart analysis this weekend for the one with more 💚💚💚💚.

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