Dear GUNNER24 Traders, 

Our 1:3 trades are A) adjusted to a longer term, having a spacious stop-loss for the development not to be endangered and B) have to show a risk-reward ratio of more than 1:3.

IWM ETF (iShares Russell 2000 Index Fund) corresponds to the performance of the small-cap Russell 2000 Index = RUT.

True they have been under performing since the Russell 2000 index of small cap stocks hit its all-time high over a year ago on August 31, 2018. But this changed dramatically after early-October lows as analyzed within Trade of the Day 10/18/2019 and now it looks like that this 2-year Diamond, best seen in the weekly chart, is finally resolved to the upside and as a consequence the small caps should continue to outperform the Dow Jones and S&P 500:

Within TOTD 10/18/2019 we`ve identified this 2-yearlong pattern, unfolding “just shy” below 10-year secular bull market highs. Already at the time of this issue, we strongly suspected that this BIG BASING PATTERN likely will resolve upward. That's why we planned to long at 150.80$ for the 173$ year-end uptarget. However, unfortunately such dip never happen because this bull market again takes no prisoners anymore:

The month of October as 2 consecutive week candles closed far above the 2-year Diamond Resistance, thus finally confirming that 173$ alltime-high (ATH) backtest run is underway. A 173$ into year-end is the still pending GUNNER24 Uptarget on monthly base!

The October close above the 2-year Diamond Resistance is a major buy signal what triggers these cycles and cycle goals resp. waypoints:

IWM ETF should uptrend for 55 Fib number weeks and 13 month candles at a minimum. To complete a 1-year full cycle at a minimum. The starting point of this counting is the famous 2018 Xmas Low.

The year of 2019 will be print a classic „Rally Year“ pattern (total gain is >12%) with lows made early and first and highs likely made very-late in the 2019 time window.

IWM = small caps – and all the other western Stock Markets – could print their individual year highs A) of course exactly on Christmas, or even B) on the very last trading day of this year.

IWM ETF sometimes in course of 2020 should print higher highs as in 2019.

BIG BASE ==> BIG MOVE setup. IWM should extend it`s secular Bull Market cycle for 6 to 8 more months at a minimum.

Powder Keg Long setup on weekly base: quick test run of 173$ all-time highs is more and more confirmed. MACD still strongly supports this outcome.

==> Shortterm uptarget, a monthly GUNNER24 Uptarget and the year-end uptarget is the 173.00$.

==> Next, let's look at the developments on a daily basis. This may help to find the best, cause most riskless pullback entry.

Cause bulls have the edge with no end in sight, & the daily as well as the weekly as the monthly trend together point higher and the case that a major buy signal was fired just a few days ago all the pullbacks until 173$ target work-off should be limited and weak according time and price:

Click the button below and order the GUNNER24 Trade of the Day - $49.90 US a month.