$IWM closed the month clean—no wick below. That's a tell.
October likely opens with some downside follow-through. If we tag the monthly Ichimoku Tenkan and form a higher low, that's actually constructive for the bigger bull trend. Think of it as a healthy retest, not a breakdown.
Small caps need to digest this run. A higher low here keeps the macro structure intact and sets up the next leg. Watch that Tenkan level—it's the line in the sand.
October likely opens with some downside follow-through. If we tag the monthly Ichimoku Tenkan and form a higher low, that's actually constructive for the bigger bull trend. Think of it as a healthy retest, not a breakdown.
Small caps need to digest this run. A higher low here keeps the macro structure intact and sets up the next leg. Watch that Tenkan level—it's the line in the sand.
