Update on $IWM

As with $SPY posted here, $IWM has the same issue. Over a week of selling and we’re at the 61.8% retracement of the prior move. An excellent candidate for a 2.

IWM

And as with $SPY, I am only calling for a move to the small orange box just above us at the moment. If it’s a 2 though, we will see significantly higher prices, but I am only making an observation here for now.


Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.


Leave a Reply

Your email address will not be published.