$IWM
Added 2024-02-07 18:03:12 +0000 UTC$IWM moving very well here and rejected at the blue line which was the high from Feb 2023, this is setting up as an ABC move down now to complete Wave 2 before going higher.....this could imply that there will be some rotation from the Mega Caps into smaller companies shortly....this would align with the Mega Caps being in Wave 5 now.
I want to see more downside here to the 0.5 Fib or even better to the 0.618 Fib at $178....but with the 200 Day MA at the 0.5 Fib at $183, this looks like a strong confluence support level.
I would be interested in starting a position with a hold of support here.
Comments
Is IWM considered a safe haven if all the big caps are hitting wave 5 now?
Brian
2024-02-10 17:41:49 +0000 UTCIs there a UK Etf for this?
Lyndon Richards
2024-02-08 07:16:41 +0000 UTCRotation, but it's the same chart than $Apple I don't understand
M
2024-02-07 18:15:16 +0000 UTC
