SamSuka
The Long Investor
The Long Investor

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$IWM

I have been waiting over the last week to see if $IWM could break out above this blue resistance line but I am not seeing it yet and my count has not changed.

$IWM is not in the same count as $SPY and has been significantly lagging all year and still below its 2021 high.

So even if $SPY starts it's correction in the new year, $IWM can still go higher to our Wave 5 target.

$IWM

Comments

Hi Cap. What do you think of todays action? Still expecting final run up to your (5) count? Thanks

SK27

If SPY corrects say in Jan or Feb, in theory wouldn't IWM correct too? Or no since it still is lagging by a significant amount compared to SPY

Daniel

Any preference among IWM, VB, or VBR?

Pritesh Patel

No correlation to this

Gareth Neary

This kinda implies BLDE etc might also pullback more

Bercan


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