iShares Russell 2000 ETF

IWM Has No More Upside - Longterm Target Is 112 USD

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Currently we are in a ABCDE formation down. Next target is 141 USD, where it will make a corection up to 151 USD for the (e).

In my last post i noted that transportations are also expecting a correction down, which should take IWM with it. Therefore the larger target of IWM is 112 USD. Best case Scenario we are looking at a target of 99 USD.

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