Eloquent

"most fear the unknown" iwm update

Long
CME_MINI:RTY1!   E-Mini Russell 2000 Index Futures
most fear the unknown, and in turn they stay away from it,
i walk into the unknown with confidence, knowing there is always opportunity ahead.

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iwm\rty (small caps) look to be on the verge of finding a big local bottom in this local region here through an expanded flat.

the law of alternation states: "if wave 2 was a simple zig-zag, then wave 4 will have to be a complex correction".
that's precisely what we're seeing here, a little complex correction phase to really shake out the weak hands out of this wicked market.

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wave 4 target = $2067.70
wave 5 target = $2800

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