$IWM
Added 2024-07-11 15:34:55 +0000 UTCStrong rotation today after the CPI released cooler than expected data, the US 10 year has dropped -2.5% today too, meaning a strong move into undervalued positions in the small cap market.
Price has now jumped to the ascending triangle top line and although it has broken out above this line, this level has not flipped to support yet.
A hold above the $210 line and we could see a strong move higher to complete Wave 3 at $245, which is the previous ATH line.
There is no reason why this can not happen before the overall market corrects.
