sp' 4month close view
iwm, bearish outlook
Summary
I think most important of all right now - especially for the bears, the VIX is NOT confirming this early fail/move lower in the market.
IWM could easily fall to 75, which would equate to sp'1300 or so. That may well be the base of wave'B. If it is, that still means we could hit 1350/60 by the end of this week.
Primary target remains 1350/60. Until then, I'm sitting this nonsense out.
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stay tuned!