Either Granny follows through and begins the journey back towards 90 immediately, or we see yet another failure and a run for the exits.And given high interest rates, a strong dollar and inflation on the rise again, we really cannot tell how long this run will last.
IWM held critical weekly support at 227, and now looks poised for a run to new highs. However, on the sobering side of the charts, this past week was only an inside week to the one prior.turned back around. While the monthly chart never failed a key support level, it got a bit scary on the weekly chart.
That’s just fine by the Family as she has had her day in the sun. Now, for a broader market rally and a healthier outlook for the economy, we look to XRT IWM and…continues to look like more upside is on the way. In fact, this past week was a new ALL-TIME high close for this ETF.also did well, clearing some distance over the key 65 level or the level that KRE broke down from in March 2023.New multi-year high weekly close.
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