IWMDaily Chart Report
IWM finally breaking to the downside. The first price target is at 198 support level. It think it could move even lower. According to the TA a full measured move to the downside is at 168 support level.
IWM trade ideas
IWM to 205 then 169If IWM fails to hold 205 then we are going to see a quick downside move to 169. There doesn't appear to be many buyers or sellers between the two VPVR valleys (on the right).
Will rising rates cause this range to finally break down ?!This is an update to my previous chart, linked here.
IWM Double BottomPrice has recently twice bounced off support at around $211 forming a double bottom. This signifies a reversal of the prior downtrend; the new uptrend, thus far, seems to be quite strong. Take most profits at $216.50 where, according to Fibonacci levels, we could see some resistance. If price breaks out above that it may be worth holding a few runners with a trailing stop. I would place a stop loss at $213; this number doesn't have much technical significance but with this particular setup I'm looking for price to shoot straight up in a relatively short period of time and a correction below the 213 level would invalidate this goal.
IWM CHANNEL BOUNCE COMING$IWM here doesn't look that bad for a channel bounce.
It has been stuck in this range for a long time now and once again seems to be on the bottom of that sideways channel.
I like it as a long down here and your stops are close if we break and close under the channel.
IWM | Informative AMEX:IWM
Entry points based on bearish and bullish scenarios.
*Personally I expect bearish price action and my target is 215$, but in case of bullish price actions I defined the entry and exit points based on S/R
*This is my idea and could be wrong 100%
Opening (IRA): IWM February 25th 193 Short Put... for a 2.09 credit.
Comments: Emulating dollar cost averaging into small caps via a 17 delta short put in the contract nearest 45 days until expiry. Currently, the highest 30-day implied volatility broad market exchange-traded fund on the board with 30-day at 27.0% (although QQQ comes in a close second at 26.5%).
Doesn't look good for Small CapsIt's the first time they're below they're 200 DMA since September 2020. It's been holdings support for a year and looks like trend broke, but this smells like a trap.
Buying puts at price against 20sma, very low riskHigh price near open was right at 20sma. So puts bought near 219 will have close stops. Suggestions are 219.21, 219.39, and 219.51. I am using 21Jan and 18Feb expiry dates.
IWM SHORTShort AMEX:IWM
Very likely we see a crash this week to the 200 level.
I am playing off of the current market conditions and rising ECONOMICS:US10Y yield, etc..
IWM Put Credit Spread (see related) into a ICIWM continued to fall today, so I decided to look on the call side to turn this into an Iron Condor.
Why?
1. Condors do not increase margin over a spread
2. IWM has been range bound
3. Large cushion past 2 resistance points
4. Additional Credit recieved
Opened Feb 2nd 236/238 IC for a 0.22 cent credit.
$IWM Potential Head and Shoulders Bottom?$IWM potential head and shoulder bottom early in 2022?
Holding $211 (right shoulder low) on a closing basis is critical for this patten to hold.
Open mind to all possibilities.
IWM - is stochastic warning of a major support break?IWM has been rangebound for almost one year now. Price was around highs of 170 before the "Covid drop." The 212 area is strong support, but it may break soon. Since price broke out of the upper resistance and fell right back into range, a break of support may soon follow.
Let me explain how I use stochastic %K warning signals, which usually lead price movement. My custom setting is 10-period %K and 7-period %D (I do not use D-slow), which I find to work well for my day and short swing trades. When %K (blue line) drops from above 80 to under 20 in 2-3 candles, it warns of more selling, and the corresponding price candles are usually innocuous. Usually I look for price to bounce first and then make a significant drop, as happened at the end of October (white oval). %K gave a warning signal and was followed by a quick reaction bounce before a larger selloff. Sometimes, as is happening now, %K will give a warning and it is followed by lower RSI and continued selling. This signal does not work 100% of the time, but I use it regularly with high success to enter long option trades. Also, the same is true in the upwards direction; a sharp rise in %K from under 20 to over 80 signals a stock will soon make a significant move up.
On 6 Jan I bought two put positions when IWM was 218-219: 21Jan 215 strike and 18Feb 210 strike. With markets dropping sharply right now, wait for a good entry. IWM should retest 212 and if it bounces up again instead of breaking support then I have plenty of time to exit Feb puts without a big loss.
$IWM LevelsBased off close on 01/07
Levels still valid
Breakout zones act as weak zones of supp/resis
Breakout zones:
$216.44
$215.52
Bull PTs:
$217.74
$218.87(pit stop)
$219.9
$221.18(pit stop)
$221.91
Bear PTs:
$214.87
$214.41
$213.41
$212.15
$211.19
Rolling (IRA): IWM January 21st 200 Short Put to February 194... for a 1.18 credit.
Comments: More IRA housekeeping. Here, rolling for duration for a realized gain and to the strike paying at least 1% of the strike price in credit. I've collected 2.35 (See Post Below) + 1.18 or 3.53 so far.
The Russel 2000 Looks HorriblePlaying around with EWT and the Russel 2000 looks like it completed a wave 3 and has been distributing along with a bear trap breakout in early November when we got a high CPI print and the Fed said they will accelerate the taper. Macd cross as well...
210/208 IWM Put Credit SpreadIWM is one of my favourites due to its range in the last year. I have played this range many times with credit spreads and Condors.
Trade setup:
Simple Put Credit Spread here opened for a 0.205 credit. Goal with these trades is to be a minimum of 10% RoM and no longer than 30 days.
Entry Criteria:
1. Red day, for increased premiums
2. Trading within a range (clear)
3. Short put is far enough away (see multiple support points lower)
4. Credit received meets RoM (Return on Margin) criteria.
IWM shrt update shrt 233.61Lets look daily stochs srating roll over again look vol more selling then buying
Lets look see t cannot get above 100 200 day and hold staying shrt still small shres 210 took 3/4 off from 233.61 great shrt.
lets look know weekly starting to roll up, so I took some off still shrt
IWMThe iShares Russell 2000 ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities.
IWM Range seems to be that IWM is stuck between the 38 and 50 wouldnt look for anything until one breaks i personally would like to see a move higher
Not financial Advice
IWM, Round #2, Fists Up!?Here comes IWM again, does it 'cojones' this week to run with the big boys or lag again back...? time will tell...
NOBODY RINGS THE BELL AT THE TOP RING RING RING WAVE B TOP From an EW view and the fact we thrust up out of a 8 month triangle I had hoping for more upside .But I feel and looking at the fact the nyse is nearing its long term target fib projection for wave 5 THE IWM looks to be ending what could be wave C up to end wave B top into .50% retracement DO NOT BE LONG THIS INDEX
