The conditions for IWM to make new highs are 2:
1: We continue to get good signal on economy before Fed's meeting in Sept. This means the job report and manufacture index report
2: Fed cut rate by 25bps only in Sept but signal strong rate Pivot going forward
This is essentially the same basis and hypothesis for IWM 300 forecast made by Tom Lee --- lowering rate+good economy === Goldilock for small cap
