During Feb. the SOX formed a head and shoulders pattern with the neckline around 420 which also seems to be important support looking back to 2010. It needs to hold the line here.
The USD got stopped at some resistance here around 79.49, however the RSI and MACD are looking bullish.
Next week should be interesting.
Best of trading,
Tom
http://stockcharts.com/c-sc/sc?s=IWM&p=D&yr=1&mn=5&dy=0&i=t07645644155&r=769.pnghttp://stockcharts.com/c-sc/sc?s=$SOX&p=D&yr=1&mn=5&dy=0&i=t52953448678&r=9338.png
