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March 29th, 2017: IWM Weekly Chart Update

Posted by pugsma on March 29, 2017

12:00 pm EST:  Take a look at my IWM Weekly Chart from July 2nd, 2014 and the now the IWM chart today, March 29th, 2017.  Notice that the big picture wave count on IWM has played out nearly perfectly.

One warning sign in the IWM weekly chart indicating that Primary 5 (P5) of Cycle 1 (C1) top maybe close at hand is that the large Inverse Head and Shoulders (IHS) has reached the measured move target of 139.36.

IWM Weekly Chart (7-2-14):

IWM Weekly Chart (3-29-17):

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