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andrewunknown

Bull Harmonics: Retest of Dec 2014 Lows ~114.50-115, Then Bounce

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iShares Russell 2000 ETF (AMEX:IWM)  
andrewunknown  
AMEX:IWM   iShares Russell 2000 ETF
russell2000 smallcaps
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russell2000 smallcaps
$TF_F $RUT The nested Bullish Shark and Bullish Alternate Bat patterns on $IWM suggest a move to 114.50-115 - late Q4 2014's lows - to fully build out. Objectives off a bounce there lie at nodes around 122 and 123.75. Further afield, there is the potential where resistance ~122 holds for a Bearish 5-0 to develop. $TF_F $RUT
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