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IWM

M2 Adjusted S&P and Russell 2000 Fractal IdeaEqually Weighted M2 Adjusted S&P + Russell looks like it will turn negative soon in terms of moving averages. If this week closes at the current price, it will be the first time the 400 MA started to decline slightly since 2020, and if sustained will be the first time since the 2000-2008 era. It took 8 years to turn back positive in 2016. Almost any combination of averages seem to be converging lower. There's also fractal of 2020-2022 that also looks the same as the 15 year chart above, except on the daily time frame. Consider that market conditions currently represent a short lived reflection of what already happened on the longer timeframe: Take it as you wish. To plot the chart yourself: Open the IWM and ES1! symbols on a separate chart and switch to weekly candles. Add the SMA indicator with 520 as the length. I chose hlc3 candles for the SMA . 520 weeks = 10 years. Here's the current values: IWM: 0.983 ES11!: 17.749 Notice that our average for IWM is much lower than ES1! . If we don't adjust it, the IWM price will affect the chart very little, and it would only make up about 5% of our index. To weight them equally, first divide ES1! / IWM: 17.749 / 0.983 = 18.05 Now we can apply our multiplier in the formula below to properly weight the IWM. Paste this into your chart: 1/(FRED:WM2NS/(CME_MINI:ES1!+AMEX:IWM*18.05)) It might look confusing but this is just a fancy way to adjust for M2 and get a value between 0 and 1. ES1! has a weight of 1 (it's equal to the IWM), so we don't multiply it by anything. Feel free to weight it yourself using any other value. I wanted to weight them equally via 10 year SMA, but anything will work. I hope you enjoyed this idea. Cheers and good luck :) And don't forget to hedge your bets!
NASDAQ:AAPL
by fringe_chartist
Leading Indicators Reversal Still BearishThe JNK ETF looks like it is heading further down still -> Bearish for equities. The IWM ETF is likely to follow through after closing at a low -> Bearish for equities The DJT ETF looks a tad bearish too -> Bearish for equities The VALUG looking to fail support, with a bearish candle for more downside -> Bearish for equities The TIPS ETF continue down draft-> Bearish for equities The TLT ETF is still diving -> still not seeing any flight to safety. The VIX just broke out above the trendline -> very Bearish for equities The HG1! copper futures downtrending Overall, rather Bearish bias on equities
TVC:VIX
by Auguraltrader
IWM back on Radar for Swing TradeDashed lines mark a few levels on chart. Sometimes zooming out in time helps to really see price trends and patterns. Here you can see price has been consolidating in a rising channel since end of Jan. The more I look at this, the more I think price will eventually break the red line and continue lower. Signs that bearish trend continues: > 20sma (aqua) crosses below 50 (blue) > 100ma (purple) holds as resistance while 20/50 MA's start turning down > RSI returns below 50 > daily close below red line with continuation lower As I write this, price is knocking on 202, which has also been a big level for me on my 30min chart. You can see to the left that price rose steeply, and I think if this channel breaks down then price will go to 188, 180. On the weekly chart price has already turned down from 20MA and is currently sandwiched between 20 and 100 MA's.
AMEX:IWM
by OptionsRising
4
Rolled (IRA): IWM May 6th 185 Short Put to May 27th 183... for a 1.05 credit. Comments: 50% max roll to the <16 delta strike in the expiry nearest 45 days that is paying around 1% of the strike price in credit. Total credits collected of 5.77 (See Post below) plus the 1.05 here for a total of 6.82 versus the 1.86 or so the 183 was paying, so I've realized gains of 4.96 ($496) so far. The May 27th 16 delta is just barely paying 1%; otherwise, I probably would have done a "window dressing roll" from the 185 to the May 27th 175 for a small credit to milk the remaining extrinsic out of the option while reducing risk (since it's farther out-of-the-money) and buying power effect (since it would've been a lower strike).
AMEX:IWMLong
by NaughtyPines
$IWM Key Levels, Analysis, & Targets $IWM Key Levels, Analysis, & Targets So today with Vix up over 5% (up to 7, but I rolled around 5.5%) I took advantage and rolled my Long puts up to 203, and my short puts up to 193, making my strikes a little wider and setting up to collect more premium when vix goes back up. My long strikes are still ITM, and the short strikes are a little further down. And sell target is still 184… —- I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
AMEX:IWMShort
by SPYder_QQQueen_Trading
4
$IWM Key Levels, Analysis, & Targets $IWM Key Levels, Analysis, & Targets So I haven’t traded IWM in a while, so my strikes are kind of close together… Right now I’m in puts Long 200, Short 196 on the 17 June expiration. As soon as either side get’s challenged I’ll adjust. And when the opportunity presents itself I’m going to leg into the call side as well… ----- --- On the Put side: When VIX goes up, roll long puts down and short puts up to collect premium. When VIX goes down, roll short puts down and long puts up, to strengthen your position. On the Call side: When VIX goes down roll long calls up and short calls down to collect premium. When VIX goes up roll long calls down and short calls up to strengthen your position. —- I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
AMEX:IWMShort
by SPYder_QQQueen_Trading