Assuming we have seen a temporary top I measured the recent high at 104.95 from the previous low in late June. My retracements numbers are a bit more uncommon, and I use Pesavento retracement numbers. After plotting the lines I only found two significant Fibonacci clusters. A cluster is where several Fibonacci lines group or cluster. Area with decent clusters are near the 104 and 103 areas. With a light retrace without breaking too far below the 103 area we could see 109 in the near future. 109-110 IWM would equate to about a 1740 S&P target.
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