Russell 2000 ETF (IWM) Successfully Testing Rising Channel Support Again?

Last week left IWM at weekly channel support - see weekly chart below. Today's price action suggests that IWM may be successfully testing rising channel support once again   

The week has just begun but it may be off to a good start.

click chart to enlarge

Not Investment Advice | Important Disclaimer: 

The content in this article, including the identification and discussion of any specific security (e.g., bond fund), is NOT meant to be and should NOT be construed and/or used as investment advice. This article is for general information and educational purposes only. Please read the Disclaimers  for junkbondrecycling.com in their entirety. The U.S. Securities and Exchange Commission website has guidance on selecting an investment adviser.

Financial Disclosure:
The author/publisher has no position in IWM at the time this article was written.

Base Chart Provided Courtesy of StockCharts.com.  Analysis and Annotation by JunkBond Recycling.com (all rights reserved)