IWM (iShares Russell 2000 ETF) has been unfolding a bullish impulse from the June 9, 2026 low, showing a higher‑high sequence that favors more upside. Our strategy advised members to avoid selling and instead buy dips in 3, 7, or 11 swings at defined blue box areas.
Update — July 7, 2026 (1‑Hour Chart)
- Rally from June 9 low ended wave 1 at $302.72.
- Pullback in wave 2 unfolded as a double three correction:
- ((w)) ended at $294.98.
- ((x)) bounced to $300.41.
- ((y)) targeted the blue box at $292.59–$287.77.
- Buyers were expected to appear from this zone for the next leg higher or at least a 3‑wave bounce.
Update — July 13, 2026 (1‑Hour Chart)
- IWM reacted strongly higher after completing the double three correction in the blue box.
- Members secured risk‑free positions shortly after entry.
- A decisive break above $302.72 is needed to confirm the next leg higher toward $305.65–$310.28 before profit‑taking and another pullback in 3 or 7 swings.