Ascending triangle forming here on the $IWM chart and the level to break above is $205.
$IWM overall has been moving bullish after breaking above the blue line at $198.
The impulse wave remains in tact and there is a notable difference of this chart compared to the $SPY and $QQQ.
We have seen some rotation from Mega Caps into crypto lately, small caps may enjoy some of these benefits next.
Kapil Pandey
2024-02-29 03:33:06 +0000 UTC