Chart is showing a bull flag on IWM with a price target to $170. This would complete the elliot wave pattern for a full 100% retracement. Looking at the previous trend from lows which lasted roughly 81 days, I will call a short term top that starts after IWM tags its ATH. The closer we get to the election, the more turmoil will arise in the market. Lets make one last bull week and start looking into consolidation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.