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Iwmshort

Russell/SPX Divergence Indicating a Market Cycle TopThe stock market continues to make new highs and is finishing the final touches in this topping process. The problem is the Russell is failing to make new highs. We can see before every stock market crash was accompanied with the SPX/NDX/DJI making new highs while the Russell makes a lower high. This occurred during 2008, 2022, and it could be happening right as we speak. The Russell failing to make new highs suggest that the topping process is underway and we will be getting a powerful stock market crash.
AMEX:IWM
by justaturboman44
1
Next Week's IWM, 21 Day Pivot Standard Deviation RangeLooks like the medium term bias is to the downside for small caps, as we see the weekly pivot (red solid line) fall below the monthly pivot (dark solid line) with AMEX:IWM closing below both. Both deviation boxes represent two standard deviations above and below the a moving monthly pivot. We may see demand in the lower deviation range if we fall to start off the week. A rally to start of the week will likely be met with resistance from our pivot points and a fresh downward move from the 21 day moving average. Investors that want to take advantage of this medium term bias could short volatility in the short term (June/July) for IWM using AMEX:TZA but bet bigger on long volatility in the longer term (September/January2025). Take any short term gains to the upside and hold onto your short thesis heading into the second half of the year, into 2025.
AMEX:IWMShort
by D1Finance
IWM - Russell 2000 - SHORT (Wyckoff Re-Distribution)IWM looks to be reaching the UTAD stage of a Wyckoff Re-distribution schematic. Lowering volume in the lead up to UTAD provides confluence to the idea. Expecting price to return to linear regression trend line around 120. Price could extend further, but I expect we are nearing the top of this rally and a sharp correction in 2024. Take profit level of 120 coincides with a fibo extension of 1.618, so further confluence there. Markets are overinflated and this move would revert price back to the long term mean.
AMEX:IWMShort
by BullBearBlair
Have You Considered A Ride Down IWM 170? AMEX:IWM 50 MA crossed down the 200 MA on the daily and 4H timeframe. The daily chart shows a lot of sellers. IWM also made lower highs on the weekly timeframe. Also, the exchange traded fund is resting on a trendline that it's maintained since March 2020! If we break down below 170 and it holds, IWM should see more downside. The weekly chart shows an increase of sellers between last week and this week. Last but not least, the etf shows a shooting star candle that printed on the weekly chart (March 13-17, 2023). Therefore, my plan is to short IWM below 170! I will ride down IWM 170 (provided price gets there of course). *This is not financial advice Peace & Harmony, MrALtrades00
AMEX:IWMShort
by MrALtrades00
TZA Long, IWM Short due to weakness in XLF & SPY- Very notable drop in the last 3 days for all sectors. Most important factor to remember is always following the trend and dont try to fight against it. Even though today there was a lot of opportunity in both direction it was quite a choppy day. - I mentioned yesterday any pop bullish on premarket data will be a good short for all sectors and i will be getting in too. - Took a decent 6100 shares position in TZA which is leverage 3x ETF for IWM short. - SPY and QQQ now below 200 daily MA. - Very oversold on multiple time frames would like to play a bounce Monday when we have all time frames oversold at a same time, ideally a gap down Monday for a bonuce play. - All trends still favor the bears expect we are still in a weekly uptrend, SPY approaching that weekly support very soon.
AMEX:SPYShort
by ArcadiaTrading
Bearish on Russell 2000 ETF. IWMGoals 0.56, 0.49. Invalidation at 0.89. 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 purple 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:IWMShort
by Rykin_Capital
IWMThe set up from LT support off the bottom channel has Nuked (of course) and I say that b c this year is the year where everything looks like a perfect set up that just nukes. (except oil trades) At this point IWM can still be an over throw, if small caps are pricing in all this inflation & War in Ukraine & recession talk. If the chart is to follow NQ then we have much more pain ahead. Looking at OTC stocks I am really unsure as to how much more pain can be endured. They all seem pretty bottomed. So watching for an MM overthrow here and confirmation would be working the candle sticks back into the LT channel IMO.
AMEX:IWMLong
by Big_Mike716
IWM - P5 arrived? If so, we bounce!The #IWM has traded in a wonderful way. Watch how the #Medianlines , the whole #Pitchfork provided support, resistance and - if you know the rules, how they could be applied to make some $s. However, we arrived on the P5, which is potentially morphing to P0 for the next move to the upside. Alltough I personally don't believe it because of this market environment, chances are high. ...can you hear the emotions nagging on me to un-follow the rules? §8-) If we open next week below the L-MLH, we would trade further down to the WL (Warning Line). As far as my trades are designed, I risk tiny and try to let them run by following the rules and Money-Managent. #iwm #medianline
AMEX:IWMLong
by Tr8dingN3rd