Dow Jones Industrial Average (^DJI)
it seems that the DJI made a correction wave(which sub-dived into 3 waves) which ended at 16015, any close above 16456 would confirm that assumption in the other hand a break of the 13 sma once again would indicate more downward movement is yet to come.
iShares Russell 2000 (IWM)
on 15/4 the iwm did form a bottoming tail and since it manged to breach the downward channel , i'll be still looking for a test of the 13 sma, breaking it and i'm expecting a test of the 116.80 pivot.
I'll be looking forward to see how it will be acting near the 116.80 pivot.
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