{"symbol":"IWM","slug":"iwm","name":"Russell 2000 ETF","group":"US indices","asof":"2026-11-06","price":273.64,"scale":"log","headline":"minor 5 of an unfinished intermediate (3) of primary 3 of cycle V","trend":"up","swing":"up","invalidation":252.77,"call":{"status":"held","previous":"2026-11-05"},"main":{"summary":"minor 5 of an unfinished intermediate (3) of primary 3 of cycle V","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","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","window":null,"invalid_if":{"price":252.77,"direction":"below"}},"levels":[{"timeframe":"Monthly","degree":"Cycle","direction":"up","wave":"cycle V up from $95.69 (2020-03), in progress — primary 3 of V running","target":{"low":467.09,"high":null},"invalidation":95.69,"window":{"from":"2029-08-01","to":"2035-05-27","likely_from":"2029-08-01","likely_to":"2035-05-27"}},{"timeframe":"Weekly","degree":"Primary","direction":"up","wave":"primary 3 of cycle V up from $161.67 (2023-10-23), in progress — intermediate (3) running","target":{"low":413.02,"high":737.41},"invalidation":161.67,"window":{"from":"2029-08-01","to":"2035-05-27","likely_from":null,"likely_to":null}},{"timeframe":"Daily","degree":"Intermediate","direction":"up","wave":"intermediate (3) of primary 3 up from $171.73 (2025-04-07), in progress — minor 5 of (3) under way from $269.88","target":{"low":336.43,"high":null},"invalidation":171.73,"window":{"from":"2027-01-12","to":"2027-01-12","likely_from":null,"likely_to":null}},{"timeframe":"Hourly","degree":"Minor","direction":"up","wave":"minor 5 of intermediate (3) up from $269.88 (2026-10-16 14:30), in progress — minute i ended at $285.26, minute ii an expanded flat ended at $270.23, minute iii under way","target":{"low":336.17,"high":342.7},"invalidation":269.88,"window":{"from":"2026-11-07","to":"2027-12-22","likely_from":"2026-12-13","likely_to":"2027-04-25"}},{"timeframe":"15-minute","degree":"Minute","direction":"up","wave":"minute iii of minor 5 up from $270.23 (2026-11-06 09:30), in progress — subminuette i to $273.65 (10:15), ii to $271.52 (10:30), iii under way to $274.55 (15:30)","target":{"low":285.63,"high":295.58},"invalidation":270.23,"window":{"from":"2026-11-09","to":"2026-11-27","likely_from":"2026-11-11","likely_to":"2026-11-19"}}],"answer":"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).","markdown":"https://elliottwaveatlas.com/markets/iwm.md","history":[{"date":"2026-11-06","price":273.64,"status":"held","headline":"minor 5 of an unfinished intermediate (3) of primary 3 of cycle V"},{"date":"2026-11-05","price":271,"status":"held","headline":"minor 5 of an unfinished intermediate (3) of primary 3 of cycle V"},{"date":"2026-11-04","price":284.02,"status":"held","headline":"minor 5 of an unfinished intermediate (3) of primary 3 of cycle V"},{"date":"2026-11-03","price":279.8,"status":"held","headline":"minor 5 of an unfinished intermediate (3) of primary 3 of cycle V"},{"date":"2026-11-02","price":279.18,"status":"held","headline":"minor 5 of an unfinished intermediate (3) of primary 3 of cycle V"},{"date":"2026-10-30","price":279.37,"status":"held","headline":"minor 5 of an unfinished intermediate (3) of primary 3 of cycle V"},{"date":"2026-10-29","price":284.01,"status":"held","headline":"minor 5 of an unfinished intermediate (3) of primary 3 of cycle V"},{"date":"2026-10-28","price":281.36,"status":"held","headline":"minor 5 of an unfinished intermediate (3) of primary 3 of cycle V"},{"date":"2026-10-27","price":280.15,"status":"held","headline":"minor 5 of an unfinished intermediate (3) of primary 3 of cycle V"},{"date":"2026-10-26","price":276.97,"status":"held","headline":"minor 4 inside an unfinished intermediate (3) of primary 3 of cycle V"},{"date":"2026-10-23","price":275.75,"status":"held","headline":"minor 4 inside an unfinished intermediate (3) of primary 3 of cycle V"},{"date":"2026-10-22","price":276.72,"status":"held","headline":"minor 4 inside an unfinished intermediate (3) of primary 3 of cycle V"},{"date":"2026-10-21","price":276.48,"status":"held","headline":"minor 4 inside an unfinished intermediate (3) of primary 3 of cycle V"},{"date":"2026-10-20","price":275.82,"status":"held","headline":"minor 4 inside an unfinished intermediate (3) of primary 3 of cycle V"},{"date":"2026-10-19","price":271.29,"status":"held","headline":"minor 4 inside an unfinished intermediate (3) of primary 3 of cycle V"},{"date":"2026-10-16","price":270.44,"status":"new","headline":"minor 4 inside an unfinished intermediate (3) of primary 3 of cycle V"}],"disclaimer":"Educational and informational only. Not investment advice. Elliott Wave counts are probabilistic scenarios and can be wrong."}