IWC trade ideas

UnknownUnicorn3827973

$IWC $spx $spy $qqq Micro-cap is approaching 61.8% Fib Resistance. Neckline retest might be first before any further breakouts.

Astatine Updated 

Looks like an ending diagonal for this wave in IWC. Above the green line, I am mistaken of course

poppop6

Small and micros have been ripping, but are we seeing another H& S top formation, like SMH and QQQ?

poppop6

Look at all the technical negative in this leading sector for risk taking. Where's the beef?!

EchoAlphaBravo

The iShares ETF that tracks more risky micro-cap stocks - IWC - reached an important 161.8% extension of a prior move. I think we could see a pullback from here to re-test the breakout level around $90. If appetite for risk stays strong, it could be a short-lived pullback, or if investors reduce risk, this could suffer more than the main indices and their ETFs.