Small Caps in for a run in 2024? Memories of 2021!?
"History"
- COVID 2020 gave rise to easy money leading to the hurrah in 2021 where IWM (Russell 2000) was rampant! - You can see it had been in that same range entire of 2021!
- With the start of 2022 rate hikes, easy money went away and we saw the wyckoff distribution play out to the lower range ==> And we have been in that lower accumulation range for 2 YEARS! and now look to challenge the upper limit again at 198!
"Future"
- Are we headed back upwards after a 2year accumulation period?!
- Massive liquidity built would signal a very strong push if 2024 sees small caps break above the range!
What are your thoughts?!
Small caps back? BTC also seems to be driving this!
IWM Daily Chart - 10 Dec 2023
@TigerStars @Deposit @LMSunshine @CaptainTiger @macroB @melson
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Great ariticle, would you like to share it?