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May 24th, 2019: IWM Chart Update

Posted by pugsma on May 24, 2019

4:25 pm EST:   IWM is very interesting here with yesterday’s 148.54 low, the 38% Fib was hit for major [2] and there is potential double bottom with the 148.41 low from March (see the daily chart).   The double bottom target is at old high of 173.68, which is near my major [3] target.

Also on the 60-min chart there is a potential bullish falling wedge with positive divergence the MACD.

IWM 60-min chart:

IWM Technical Analysis

IWM daily chart:

IWM Technical Analysis

IWM weekly chart:

IWM Chart Update

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