$IWM At Crucial Trend Line

$IWM is at the lower trend line that has supported the large sideways consolidation period it’s been in this year. I am unable to make a direct call here other than to say that I would expect a reaction. The minimum I would expect if we get one is the lower orange box. If this is the end of a huge washout, we may get more.

Obviously, complete failure here means something more sinister may be upon us, but I still don’t have great reasons to accept that view.

IWM


[UPDATE]: Since both target ranges have been touched, I will file this call under “Successful Calls.” Twice.

IWM

 


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Your email address will not be published.