$IWM
Added 2024-03-19 00:14:24 +0000 UTC$IWM still fascinates me and I will never count a chart with my bias, in spite of the $QQQ and $SPY showing signs of moving to the downside next, the $IWM is not showing this, as it is still in the ascending triangle here which is a bullish formation and the price action is also testing the previous breakout level on the blue line at $200....making this a strong confluence level.
A hold here and the Bulls may start rotating heavy into $IWM.
What is clear is that the price continues to make higher highs and higher lows, it is above the 50 and 200 Day MA's and retesting a high support level and moving in an impulse wave.....so I can not show any other count then what I am seeing right now.
Comments
It’s coming. Patience.
Wobbly
2024-03-19 02:12:15 +0000 UTCSmall caps sector rotation
Jorge Pérez
2024-03-19 01:47:52 +0000 UTC
