Small caps may not take much of a pause until IWM reaches high 130s (100% extension of 1-2). I think that'll be the target area for wave (iii) of cir-iii. Resistance has become support in this presumed 3rd wave off the Feb lows. Shorts keep piling in, fueling the rally it seems. I have an earlier idea posted for IWM but my "link to related ideas" menu isn't functioning this morning...
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Link function started working. Should see some of my prior ideas linked now...
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nick.holland78
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Hourly:
nick.holland78
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Copy paste failure...here is the intended 2hr chart:
nick.holland78
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Might get a little pullback in iv of (iii) here. See also more detail on the count presented on daily chart above.