PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

Archive for the ‘IWM’ Category

Protected: February 8th, 2017: IWM Chart Update

Posted by pugsma on February 8, 2017

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Protected: January 25th, 2017: IWM Chart Update

Posted by pugsma on January 25, 2017

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Protected: January 4th, 2017: IWM 60-min Chart Update

Posted by pugsma on January 4, 2017

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November 3rd, 2016: IWM Weekly Chart

Posted by pugsma on November 3, 2016

IWM Weekly Chart:

pug-iwm-weekly-11-3-16

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September 13th, 2016: IWM Weekly Chart

Posted by pugsma on September 13, 2016

pug-iwm-weekly-9-13-16

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March 2nd, 2016: IWM Daily Chart

Posted by pugsma on March 2, 2016

5:35 pm EST:   The IWM major [2]-PC-C2 wave is back-testing broken support at 105 to 107 before heading lower to the C2 target of 80 to 71.

IWM Daily Chart:

PUG IWM Daily Chart 3-2-16

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September 23rd, 2014: IWM Wave Count Update

Posted by pugsma on September 23, 2014

12:00 pm EST:  The small cap stocks of the Russell-2000 and it’s proxy the IWM could hold the key to how the year 2014 will finish out.

As shown here last week (https://pugsma.wordpress.com/2014/09/16/september-16th-2014-iwm-wave-count/), IWM have formed a potentially bullish contracting triangle for major [4]-P3-C1 since April 2014.   The minor E wave of major [4]-P3-C1 target of 111.51 was nearly hit this morning at 111.82.  If IWM can break above 117.80, then there is a good chance the small caps will likely make a new high above 120.97 at the triangle target of 125.35.  This will push the SPX higher to at least the 2085 target or higher.  However, if the IWM breaks below 109.86, the smalls will likely head for the 97 area pulling the SPX down towards 1800.

It’s a very critical time here in the equity markets and direction the small cap stocks take in the next week will likely decide the fate of the US Equity markets for the balance of the year 2014.   For a bullish resolution IWM needs to hold above 109.86 and the SPX needs to hold above 1978.48.  Below those key levels, I’d expect a bearish intermediate trend change.

IWM 4-hr chart (mid-day):

PUG IMW 4-hr chart MD 9-23-14

IWM daily chart (mid-day):

PUG IMW weekly chart MD 9-23-14

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September 16th, 2014: IWM Wave Count

Posted by pugsma on September 16, 2014

10:45 pm EST:   Here is a look at the potential IWM wave count with the major [4]-P3 contracting triangle.   Note that the (c)=(a) target of 113.61 for the completion of minor E of major [4] was hit today.  Thus the major [4] triangle could be about to end and an explosive wave major [5] up about to begin.   The P3=1.23*target is 124.73 and the triangle target is 127.14.  However, should wave minor E of major [4] need to extend lower, there is also a potential lower target at (c)=1.62*(a)=111.72 to complete the triangle.

IWM 4-hr chart (9-16-14):

PUG IWM 4-hr chart 9-16-14

IWM weekly chart (9-16-14):

PUG IWM weekly chart 9-16-14

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July 2nd, 2014: IWM and QQQ Wave Count Update

Posted by pugsma on July 2, 2014

2:00 pm EST:  The IWM and QQQ wave count updates are shown below on the weekly charts.

IWM weekly chart (mid-day, 7-2-14):

PUG IWM Weekly chart MD 7-2-14

QQQ 60-min chart (mid-day, 7-3-14):

PUG QQQ 60-min chart MD 7-3-14

QQQ weekly chart (mid-day, 7-2-14):

PUG QQQ Weekly chart MD 7-2-14

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June 11th, 2014: IWM and QQQ Wave Count Update

Posted by pugsma on June 11, 2014

6:05 pm EST:   Below are the updated IWM and QQQ charts that align with the SP-500 primary and alternate (blue) wave count.

IMW 60-min chart (EOD):

PUG IWM 60-min chart EOD 6-11-14 IWM 4-h chart (EOD):

PUG IWM 4-hr chart EOD 6-11-14

IWM weekly chart (EOD):

PUG IWM weekly chart EOD 6-11-14

QQQ 60-min chart real-time link: http://www.freestockcharts.com?emailChartID=47d161a9-24a7-481a-91bf-3261e7d15010

QQQ 60-min chart (EOD):

PUG QQQ 60min chart EOD 6-11-14

QQQ 4-hr chart (EOD):

PUG QQQ 4-hr chart EOD 6-11-14

QQQ weekly chart (EOD):

PUG QQQ weeky chart EOD 6-11-14

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