$IWM
Added 2024-07-02 20:36:36 +0000 UTCDon't shoot the messenger, I am just charting the set up and although the $SPY and $QQQ are into ATH's and going high in Wave 5, $IWM has lagged but still looks like if it can break above the $210 line, it can run up to $250.
For me, the invalidation level would need to be the 200 Day MA at the 0.38 Fib at $192, so this is something to bare in mind.
But there is clearly a large disconnect between the S&P 500, mainly due to how heavy weighted the Mega Caps are and the Small Caps market right now.
Comments
Concerning to me. But this has to play catchup .. smart money always thinks long term
Steven
2024-07-02 20:54:49 +0000 UTC
