The Long Investor
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$IWM
🕑 Added 2025-01-14 12:03:23 +0000 UTCIn an odd change, the $SPY, $QQQ and $IWM could all be aligning now if they have just completed their Subwave 4 and are awaiting one final rally up.
I have added the potential Subwave 4 count on the $SPY and $QQQ chart over the last 24 hours so this would be very interesting to see all ETFs aligned now.
This could very easily happen with a cooler CPI, Trump starting in office and a healthy earnings season....the concern is that we need to see the $DXY cool down too and the US 10 YR....but a possibility for one last rally up for the indexes.
Comments
G4Golf
Good question Navid. I just confused myself with multiple ways of counting this as an ending diagonal and the belief (wrong maybe) that w4 should retrace 382 up to max 500
Navid Choudhury
is it still a w4 with such a deep pullback to .618? I guess it hasnt crossed w1 high, so still valid but definitely weak
