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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

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