Jan 9
IWM came out of the bearish wedge I referred to yday. It is possible that we might get only a shallow PB before another attempt to 144-145 where it might fail for a deeper correction. For now, 139-140.8 is support lets see what happens there.
Jan 10
Comment: I threw the idea of a shallow PB. Perhaps thats all it is Almost touched support. Similar pattern to ES. Out of the bearish wedge. I think the 145-23 area is a likely target in ST
Jan 15
For now, IWM has pretty much traded sideways as it has butted up against resistance. The 145.23 area has still eluded IWM but I feel that is likely to be hit today or tomorrow. Staying above current levels also opens up the 147 area. A deep PB should find support around the 138 area to begin with. That is still a time away so when and if we come to that I will update the support area.
IWM came out of the bearish wedge I referred to yday. It is possible that we might get only a shallow PB before another attempt to 144-145 where it might fail for a deeper correction. For now, 139-140.8 is support lets see what happens there.
Jan 10
Comment: I threw the idea of a shallow PB. Perhaps thats all it is Almost touched support. Similar pattern to ES. Out of the bearish wedge. I think the 145-23 area is a likely target in ST
Jan 15
For now, IWM has pretty much traded sideways as it has butted up against resistance. The 145.23 area has still eluded IWM but I feel that is likely to be hit today or tomorrow. Staying above current levels also opens up the 147 area. A deep PB should find support around the 138 area to begin with. That is still a time away so when and if we come to that I will update the support area.