Russell 2000 ETF (IWM) Elliott Wave count at the Nov 6, 2026 close (price 273.64): the called count is minor 5 of an unfinished intermediate (3) of primary 3 of cycle V. It is invalid below 252.77. On the daily chart, intermediate (3) of primary 3 up from $171.73 (2025-04-07), in progress — minor 5 of (3) under way from $269.88, targeting 336.43 (invalid below 171.73).
Structure · V: 95.69 (2020-03) / 244.46 (2021-11) / 161.67 (2023-10) / live; primary 3: 161.67 / 244.98 (2024-11-25) / 171.73 (2025-04-07) / live; (3): 171.73 / 252.77 (2025-10-15) / 228.90 (2025-11-20) / 305.18 (2026-08-14) / 269.88 (2026-10-16) / minor 5 live
What comes next · minute iii toward $285.63-$295.58, then minutes iv and v carry minor 5 to a new high toward $336.17-$342.70 (the daily $336.43), inside minor 5's $359.82 cap
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Each chart zooms into the dashed box of the one before.Educational and informational only. Not investment advice. Elliott Wave counts are probabilistic scenarios and can be wrong. Data: JSON · Markdown