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IWM

20 year elliott wave analysis ($iwm)someone asked me this evening if i thought iwm was in a phase of distribution right now- so i decided to take a deep dive into the entire history of this chart, and here's what i've come up with. no, i do not think it is in a phase of distribution, instead it actually looks like a massive bull flag - in elliott wave theory terms, i'll call it a double or triple three - hard to say for now, since it is only halfway through this flat corrective phase. my low ball long term upside target for iwm is at $335, high ball would be $375 this is in confluence with my 12 year spy analysis, you can view it down below: ps. flat corrections can take a really long time to resolve, so i'd wait for a definitive break out, and a retest of the entire channel that it's in right now before attempting to play that upside swing.
AMEX:IWM
by Eloquent
6
IWM WAVE 1 OF 5 ENED WAVE 2 ENDING SOON I had posted that the iwm was ending wave 5 or it will be wave 1 of 5 in supercycle blow off we will see soon as nysi had stopped at the 500 area and if this is wave 2 then ALL ASSETS WILL RALLY TO NEW HIGHS .After which another pullback for wave 4 then a final 5th of 5 to end super cycle wave III OR V MARCH 2020 LOW IS STILL BEING LABELLED WAVE IV .ONCE we end this next wave up I SEE A MAJOR CRASH AND DECLINING WORLDWIDE TILL OCT 2022 THE 10 AND 20 YEAR CYCLE LOWS .BEST OF TRADES. WAVETIMER
AMEX:IWMLong
by wavetimer
1
Rolled (Margin): IWM December 17th 207 Short Put to 232... for a 2.52 credit. Comments: This is the short put aspect of a short strangle that I rolled up to reduce directional delta in the setup. The oppositional side -- the December 17th 242 short call, has a delta of around -52, so I rolled the short put up to the +25 delta strike to cut net delta of the short strangle in half or so. The original short strangle was filled for 3.09 (See Post Below), and I had a take profit target of 50% of that or 1.55. Since I've collected an additional 2.52 in credit with this roll, I'm revising the take profit to 1.55 + 2.52 or 4.07.
AMEX:IWM
by NaughtyPines
iShares Russell 2000 ETF Taking off. IWMUpgoing zigzag with a Wave C is confirmed. This is fairly, given that we passed the most recent max on this one. Just a heads up - this is on a weekly chart, so don't expect any overnight miracles on this one. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
AMEX:IWMLong
by Rykin_Capital