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June 6th, 2023: IWM Chart Update

Posted by pugsma on June 6, 2023

11:50 am EST: After severely lagging the SP500 and QQQ rally for the past two months, IWM is clearly breaking out of the 169 to 180 range and is headed in the short-term to the measured move target at 191. This is a much needed broadening out the equity market rally.

IWM 60-mim chart:

IWM Technical Analysis

IWM daily chart:

IWM Technical Analysis

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