$IWM - dip and then rip
Hey guys
Here is my IWM count. As I have tweeted about all week, I favor IWM tagging lower 220ish area before ripping. It failed the attempted break out and now we are putting in a 3 wave move to the downside. The 100 extension lines up perfectly with the 61.8 retracement, so that is my target zone for the bottom. After that, full steam ahead.
I would be buying this one, with time, on all dips.
Again - I consider this to be the bear count (not going to post some dooms day BS, go find that elsewhere). The bull count to me is that we dont go tag any lower and we already had wave 2 bottom this week. But IWM was weak to finish off trading last week, so that is unlikely IMO
Here is my IWM count. As I have tweeted about all week, I favor IWM tagging lower 220ish area before ripping. It failed the attempted break out and now we are putting in a 3 wave move to the downside. The 100 extension lines up perfectly with the 61.8 retracement, so that is my target zone for the bottom. After that, full steam ahead.
I would be buying this one, with time, on all dips.
Again - I consider this to be the bear count (not going to post some dooms day BS, go find that elsewhere). The bull count to me is that we dont go tag any lower and we already had wave 2 bottom this week. But IWM was weak to finish off trading last week, so that is unlikely IMO
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