Archive for the ‘IWM’ Category
Posted by pugsma on March 29, 2017
Posted by pugsma on February 8, 2017
Posted by pugsma on January 25, 2017
1:05 pm EST: The IWM 60-min chart is indicating that minor 4 of major -P5-C1 could be complete at 133.12 at a 23% Fibonacci retrace of minor 3. The minor 5 = 0.62*minor 1 target is 144.09. The triangle break-out target is 144.52 and the major =1.62* target is 146.39.
IWM 60-min chart:
IWM weekly chart:
Posted by pugsma on January 4, 2017
The IWM 60-min chart shows a triangle bullish break-out with a target at 143.24, which is a +4.2% upside from here at 137.41.
IWW 60-min chart:
Posted by pugsma on November 3, 2016
Posted by pugsma on September 13, 2016
Posted by pugsma on March 2, 2016
5:35 pm EST: The IWM major -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:
Posted in IWM | Comments Off on March 2nd, 2016: IWM Daily Chart
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 -P3-C1 since April 2014. The minor E wave of major -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):
IWM daily chart (mid-day):
Posted in IWM | Comments Off on September 23rd, 2014: IWM Wave Count Update
Posted by pugsma on September 16, 2014
10:45 pm EST: Here is a look at the potential IWM wave count with the major -P3 contracting triangle. Note that the (c)=(a) target of 113.61 for the completion of minor E of major  was hit today. Thus the major  triangle could be about to end and an explosive wave major  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  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):
IWM weekly chart (9-16-14):
Posted in IWM | Comments Off on September 16th, 2014: IWM Wave Count
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):
QQQ 60-min chart (mid-day, 7-3-14):
QQQ weekly chart (mid-day, 7-2-14):