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January 8th, 2019: IWM Daily/Weekly Chart Update

Posted by pugsma on January 8, 2020

Russell-2000 Small cap stocks (IWM) have not yet make a new high all-time since September 2018.   Thus, IMW likely has the most room to run higher during 2020.

IWM Daily Chart:

IWM Technical Analysis

IWM Weekly Chart:

IWM Technical Analysis

3 Responses to “January 8th, 2019: IWM Daily/Weekly Chart Update”

  1. rat8nine said

    iwm daily – iwm has definitely lagged the other indexes….what’s interesting to me is that Steve’s potential target area puts it up around the confluence of the upper lines.

  2. kaneoahu said

    Steve… is it fair to say this count for IWM remains on track with some minor adjustments to the E-wave targets?

    • pugsma said

      Basically yes. We got to 170.36 on the IWM and the all-time high was at 173.39. So minor 3 of major [3] is in (white 3) is likely in place and this is a minor 4 pull-back.

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