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May 11th, 2021: IWM and QQQ Chart Update

Posted by pugsma on May 11, 2021

10:30 am EST: Still several wave count options are still possible here, including today’s lows be a key bottom.

IWM 60-min chart:

IWM Technical Analysis

IWM daily chart:

IWM Technical Analysis

QQQ 60-min chart:

QQQ Technical Analysis

QQQ daily chart:

QQQ Technical Analysis

7 Responses to “May 11th, 2021: IWM and QQQ Chart Update”

  1. pugsma said

    Several very interesting wave count options still valid on the IWM and QQQ.

    The potential major [4] ascending triangle option (primary (white/green) look attractive as long as the 208.03 low holds.

  2. pugsma said

    Another QQQ 300 forecast…

    https://twitter.com/carlquintanilla/status/1392089426470346761?s=21

  3. MS53 said

    Major [2] on IWM was double ZZ. Argues that the simple ABC for [4] has the edge.

  4. MS53 said

    Both of these issues have a good chance of staying above the minor 4 of Major[3], which I understand to be what to look for in a major [4}] bottom.

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