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.

Leave a Reply

Your email address will not be published. Required fields are marked *