IWM Confirms Elliott Wave Discipline With Blue Box Surge

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.