$IWM
Added 2025-01-14 12:03:23 +0000 UTCIn an odd change, the $SPY, $QQQ and $IWM could all be aligning now if they have just completed their Subwave 4 and are awaiting one final rally up.
I have added the potential Subwave 4 count on the $SPY and $QQQ chart over the last 24 hours so this would be very interesting to see all ETFs aligned now.
This could very easily happen with a cooler CPI, Trump starting in office and a healthy earnings season....the concern is that we need to see the $DXY cool down too and the US 10 YR....but a possibility for one last rally up for the indexes.
Comments
Good question Navid. I just confused myself with multiple ways of counting this as an ending diagonal and the belief (wrong maybe) that w4 should retrace 382 up to max 500
G4Golf
2025-01-16 04:09:19 +0000 UTCis it still a w4 with such a deep pullback to .618? I guess it hasnt crossed w1 high, so still valid but definitely weak
Navid Choudhury
2025-01-15 03:21:01 +0000 UTC
