Question is do we have an overthrow at play? If yes the IWM needs to get back into my channel and not reject here off the bottom channel TL. A rejection would almost certainly equal $138 and invalidate the 5 wave intermediate structure.
@closiphone1, no but apparently we are the few bulls left ;)
DaddySawbucks
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Sorry Mike I just don't see it. Take a look at Wyckoff accumulation. We had Wyckoff distribution now some kind of retracement is likely but bear market recovery takes long time, it enters an accumulation phase which is endlessly frustrating, up/down/up/down...
Big_Mike716
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@DaddySawbucks, yea I know looks like this ain't over yet.