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IWM

The Russell Riddle: which chart is 2008? ($IWM W) For the answer, scroll down to the comment section. Two charts of $IWM weekly TF. One chart is current (as of 2/4/2023). The other is 2008 ,up to 4 candles before the 50% drop. Which one crashed 50%? The conundrum: why do we assess current price action as bullish, when a similar pattern resulted in the GFC in 2008? There are many possible answers, none of them wrong. The one that interests me is the possibility that our bias is more extreme when we have experienced (traded) the price history. In this case it means experiencing the climb from the October 2022 lows. The alternative is basing our bias on the price history in a chart but *without* experiencing the returns themselves. For example IWM's similar price action in 2008. Any difference in sentiment would be consistent with studies showing that decisions made from experience often diverge from those based on description.
AMEX:IWM
by gb50k
10
#IWM Russel 2000 looking technically bullishSome real meaningful progression for the bull case in US small cap stocks. 50 dma > 200dma Price has cleared the critical resistance level between 187-188. Price has some short term resistance at the 38.2% fib retracement here, but it looks like we should progress to the next resistance level at the 50% fib retracement at 200. Chart is showing a clear formation of higher swing lows and higher highs. Hard to be bearish this chart. Opportunity here to buy the breakout with a relatively small stop as a close below 187.50 might put the bullish case on hold.
AMEX:IWMLong
by MarcoOlevano
Bunch of copy paste quotes on Fed Meeting, $DJI $NDX GREAT DAY!Apologize for the LATE post on this We posted this elsewhere, documented, and bringing it here ---- Yesterday So, #fed tomorrow....... We get 25, likely rally and fade next day or few days later We get 50, likely sell off decently & then rally This could reverse in one day or take week or more #FederalReserve meeting #stocks #crypto #inflation Done for today :) Good day overall ---- Early Today, after announcement- Was at least expecting a pop first before the fall Interesting day today Maybe we get the fall and then the rally... However how we end the day, the next day tends to be a reverse of some sort $DJI $NDX $SPX ---- After- For a second we though we were going to get put (sold a bunch of put options when $DJI was off 340 points and $NDX was closer to day lows) a ton of #stock ROFL Limits being filled, not being greedy #crypto green US #Dollar $DXY hitting lows (did say HISTORICALLY doesn't hold) - We've been cautious #BULL for a bit & we need 2b weary of EUPHORIA We're watching for that, IMPORTANT! $VIX @ bottom trend (we'll know VERY SOON what's up) #yield falling $TNX, 2yr not as much, hmmm #stocks huge turnaround #crypto as well What about volume? Soon ---- $NDX & $DJI BUY volume is still there but it's lowering #DJI looking GOOD atm $NDX NO slouch testing downtrend soon #markets ARE IRRATIONAL Look at volume, patterns & trend!!! ---- Recent Awesome #stock day today! Good for the week! Raised cash again for trading Have some longs still $DOW $META (taking some off here), $KHC $INTC $ATVI & some others BUT aggressive TRADING still 1/3 in bonds, expire soon, & cash for tomorrow & other days Done for day &👀direction --- Look at $RUT $IWM RISK is ON ON ON Has been on Volume is ok #stocks have been looking ok $DJI breaking symmetrical = continuation pattern Staying cautious BULL! More haters of rally = GOOD! Keep eye on EUPHORIA!
DJ:DJI
by ROYAL_OAK_INC
YOU need to see this now - THE DANGER LINEThis is a wave trend indicator on the S&P 500 index that is based on relative strength with straightforward oversold or overbought conditions. Relative strength is a measure of momentum where both speed (time) and magnitude (change) is measured and plotted with simple or weighted moving averages. What you are seeing above is a snapshot of a RSI/wave trend of the S&P 500 index based on monthly candles. Understand that it takes the measure of a month of time just to get a single plot of data and this particular snapshot represents over two decades. But right before your eyes are very clear trends. The data is just pure and simple math and math does not lie. Ignore the news. Follow price, volume, momentum.. just follow the data. I will try not to state my opinion too much.. and just follow the data. What I see on the chart is concerning. If this decline continues over the next month or two, momentum is going to accelerate and volatility go up while the market basically crashes... i.e. if the DANGER LINE is breached. I found it odd that volatility (VIX) has been quite docile considering the amount of downside we've seen in the indices this year. That is concerning. It is entirely possible that the September thru November monthly candles are positive and this trend finds support.. and the danger line is not breached. On the flipside, this decent can continue and really pick up speed and we see a 2000-2003 correction or 2007-2009. Here is an overlay snapshot with those corrections to similar scale. That is what could happen if the current trend continues.. we could see 12-24 months of recession and very steep drops and sharp bearish reversals. Be careful, manage risk, consider hedging certain positions, and know that you DO NOT know what is going to happen.
SP:SPX
by gghsusa
11