$IWM
Added 2024-06-15 16:50:34 +0000 UTCOn the weekly chart, the chart is almost too obvious to the upside.
Price has been using the 200 Weekly MA since Nov '23 to drift higher
We would need to start seeing some rotation from Large and Mega Caps to Small Caps for this to happen but I think it is possible.
These Caps are overvalued right now, while Small Caps have been lagging with many still at their fair value.
A break above $210 and there is 15% on the table here.
Comments
Our friend Mr. Druckenmiller’s largest position is IWM I believe
Michael Castaldo
2024-06-15 19:42:31 +0000 UTC
