⬇️ IWC NEW LOW The microcap ETF (IWC) has made a new low. This is not good at all. On the good side we did close up on the day - so we can call this a Rally Day and wait for a Follow Through Day (FTD). ↗️ WAITING FOR FTD SPX is sitting on the 200D Moving Average and Nasdaq s on day 6 of its Rally Day (marketd as RD on the chart). We are waiting for those FTDs...
In 2008 the urge for Street's on the Stock market and Today's Digital Age with Better access comes with the cost of Getting Flushed faster 😂😂 Oh don't worry; all the market is going to Flush US, #NVDA was just a lot Cleaner to demonstrate NASDAQ:NVDA Important There will be a Brief Retest Possible
Update from falling wedge idea. ONE MORE flushout low is likely IMO, lower arrow. Will complete 5-EW down, far below 200 DMA. ANY positives going forward will be an excuse to breakout. Retest of wedge TL at upper arrow will confirm. Bullish impulse may follow. BE WARY: Entry into WW III, worsening conflict in Europe, invasion of NATO member nations will...
Bear flag is forming signaling a nearby downmove. Major support at ~2950 and Fibonacci extension that strengthen the calculation of major support.