Saturday, February 27, 2016

Russell 2000 (IWM): Mind the gap!

Russell 2000 is currently in a corrective ABC wave which will push the price at 107.5 where a gap is waiting to be filled and a significance resistance line lies.After that we believe that IWM will enter a ferocious wave 3 of III down which will bring IWM down to 75 level (almost 30% down from current levels).

So: Please Mind the Gap!