$IWM
Added 2024-12-19 14:30:28 +0000 UTCSmall caps pulled back strong yesterday but two solid points
Pulled back at our expected Wave 3 level and
Held at the 0.5 Fib for a Wave 4 pull back
The standard pull back level is the 0.38 Fib but it is not uncommon to see a retest of the 0.5 Fib for Wave 4
$IWM has also not been following the market higher to ATH's this year too, so I do not believe it is in the same count and believe it can still complete Wave 5
I would like to see it hold above the 200 Day MA which is just slightly below the 0.5 Fib
