IWC - Nested 1-2, explosive wave 3 setting up.As with all indexes, the last squeeze before crashing into the end of the year.
Key stats
About iShares Microcap ETF
Asset Class
Equity
Focus
Micro cap
Expense ratio
0.60%
Inception date
Aug 12, 2005
Issuer/Brand
BlackRock, Inc./iShares
Homepage
Index tracked
Russell Microcap
ISIN
US4642888691
What's in the fund
Exposure type
Finance
Health Technology
Stock breakdown by region
Risk AppetiteRatio between IWC ( Microcap ETF ) and DIA ( Mega Cap) - picked this up from a presentation by Gundlach of Doubleline Funds. A good gauge of risk appetite. You can clearly see the blow off in Nov 20, Last Hurrah in Nov 21 and where we are now.
Re-test of Aug 2018/ Oct 2020 Acummulation Range CreekAfter breaking the near-term Accumulation/Distribution Range Ice to the downside, Path of least resistance is a retest of the Previous Accumulation Range Creek (Origin of Breakout) before continuing the Uptrend.
Distribution Range Breakdown 261.8% Measured Move Target @ 94.20
IWC Next Rhombing Flag or Short Term Double BottomTwo Legs Sideways to Down objective met.
05 Mar 2021 to 18 Jan 2022 Big Picture Distribution Range breakdown Black Swan Measured Move 1:1 Target @ 108.75
Short term Double Bottom for a Simple Corrective WXY or Complex WXYXZ before Downtrend Continuation.
US Micro-Cap Breaking Out?Here in this position, it is clear that intensive work has gone into supporting the entire global recovery.
Moreover, we could already count the resilience in credit as ideal results from the covid siege. But now I want to focus on the US and small caps in particular are getting to work and th
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