IWM weekly - similarity to 7/30/2007 - 8/29/2015

44 3 2
If this is a repeat of 7/30/2007, this rebound still has leg and can gain another 9% from this point on (bring it to $125 level, and surprise many people), and may last about 2 months. I am watching potential breakout of those red resistant lines for confirmation.

Note this is only ONE of many possible outcomes given market volatility . Even this is materialized, it may still be a counter trend rally and may be the start of another BIGGER drop. So play it safe.
CosmicDust jangseohee
Uncertain how high it can go. Thanks for sharing!
+1 Reply
jangseohee CosmicDust
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