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goodguy
Nov 24, 2015 10:48 PM

IWM: I keep working at it. Big day tomorrow? 

iShares Russell 2000 ETFArca

Description

As anyone knows and often mocks EWT knows all "counts are just guesses. But sometimes it can help us anticipate.
This is the way I count IWM currently. IFFFFF correct price now should not going higher than (1). If the count I am showing is exactly right we should see a drop tomorrow and hopefully a break of the short term dotted uptrend line. If this should I will short with stop if price goes above the longer term down trend line. There is a negative reversal in the RSI which often leads to lower prices so we shall see in the morning. Have a good night.
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