Technical Analysis Blog | PUG Stock Market Analysis, LLC

PUG Stock Market Analysis is here to help with SP500 technical analysis, stock analysis and more. Read our technical analysis blog to learn more.

January 9th, 2018: IWM Chart Update

Posted by pugsma on January 9, 2018

12:15 pm EST:  It looks like IMW is in a minor 5 of major [3]-P5-C1 Ending Diagonal (ED) with a maximum top at 159.12.  Once complete there would be a major [4] wave correction towards the 23%/38% Fibonacci retrace of 144.50/137.43 or the 141. 82 pivot area before a final major [5]-P5-C1 wave toward the P5=1.38*P1 target of 167.58.

IWM Daily Chart:

IWM Technical Analysis

IWM Weekly Chart:

IWM Technical Analysis

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: