IWMFailure of that 210 range could start an ABC style correction down to the 195 range. Possible support at longer term AVWAP.by jjmatsjr1
IWM IWM monthly candle study. Each red arrow marks a month where close was 10%> below high of the month. Not a pretty picture.by jjmatsjr0
EW wave count on IWM Good luck counting waves on this mess .... anyway here is my take: looks like we are in wave 4 and expect more downside pressure until year end then on January wave 5 rally into the summer ! wishful thinking ?? by ibra841
$IWM target 201$IWM target 201 Still in the neutral zone, with technicals pointing down. Let me know your thoughts and what you guys are doing. Have fun!! —————— I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2. —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. Have fun, y’all!! (\_/) ( •_•) / >🚀Shortby SPYder_QQQueen_Trading442
IWM Get Through and Possible Double TopIWM can create a lower high low with a move to hold 220 tomorrow. Has some work to do to get over $227, but if we do it can gap fill to 228.54. Lets see if they want to double top IWM. Longby AlphaTradersInc110
IWM Dec 13thPossible BTD play to ride it back up towards top of weekly bull flag resistance & gap fill Longby bbahmed0
Small Caps Have Fallen. Can They Get Up?The Russell 2000 small cap ETF attempted a breakout in early November. But momentum soon faded and IWM led the broader market to the downside. Now that it’s fallen, can it get back up again? The first pattern on today’s chart is the 200-day simple moving average (SMA). Prices rallied from this line in October. This week, they stalled at the same area. Next, you have a price line around $226.50. This was roughly the level where IWM broke the descending trendline in mid-October. It became more prominent starting on November 24 when the ETF gapped downward. It then remained resistance on Wednesday of this week. Finally, IWM has consistently lagged the S&P 500 since its big rally a year ago. (See the weekly chart below.) That kind of poor relative strength could make small caps especially vulnerable should the broader market pull back in coming weeks. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .by TradeStation14
Triple Witching is on 12/17. SPY, QQQ & IWM patterns.Triple witching is the simultaneous expiration of stock options, stock index futures and stock index options contracts all on the same trading day. This happens four times a year: on the third Friday of March, June, September, and December. Because three options classes that could share the same underlying securities expiration all on the same day, it can cause increased trading volume and unusual price action in the underlying assets. Here's the past 4 Triple Witching dates price action patterns for SPY, QQQ & IWM. SPY: 9/17 -$5.77 Friday to Friday -$9.64 Friday to Monday after -$10.88 6/18 -$7.05 Friday to Friday -$9.28 Friday to Monday after $3.77 3/19 -$2 Friday to Friday -$2.59 Friday to Monday after $2.71 12/18/20 -$3.06 Friday to Friday $4.28 Friday to Monday after -$3.11 QQQ: 9/17 -$4.48 Friday to Friday -$7.40 Friday to Monday after -$12.12 6/18 -$2.71 Friday to Friday $2.27 Friday to Monday after $3.77 3/19 $1.10 Friday to Friday -$.72 Friday to Monday after $6.74 12/18/20 -$.94 Friday to Friday $9.25 Friday to Monday after -$1.14 IWM: 9/17 $.29 Friday to Friday -$2.68 Friday to Monday after -$5.29 6/18 -$2.58 Friday to Friday -$4.39 Friday to Monday after -$5.16 3/19 $1.70 Friday to Friday -$5.05 Friday to Monday after -$1.61 12/18/20 -$.95 Friday to Friday $5.35 Friday to Monday after -$.10 Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification www.tradingview.com by Options360115
IWM 12/10 Looks to be headed back to that split channel which aligns with 216 Fibonacci level.. If we fall below there the next supports are 211 and then 204Shortby ContraryTrader6
$IWM target 201$IWM target 201 Target 1 was hit beautifully… so taking it out onto the 1W 5Y chart target 2 looks like a nice place to sell puts at this time. I would happily start a position there. Right now it’s kind of in the neutral zone, but technicals are pointing to down. Let me know your thoughts and what you guys are doing. Have fun!! —————— I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2. —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. Have fun, y’all!! (\_/) ( •_•) / >🚀Shortby SPYder_QQQueen_Trading225
Opening (IRA): IWM January 21st 200 Short Put... for a 2.35 credit. Comments: Premium is not as good as it was last week (current 30-day implied is at 29.6%), but the 16 delta strike's still paying better than 1% as a function of strike price. Will generally look to take profit at 50% via close or roll out.Longby NaughtyPines773
$IWM weak this morning...We pointed it out as a short idea in the group on the live stream earlier...by UnknownUnicorn31622321
Closing (IRA): IWM January 21st 188 Short Put... for a 1.37 debit. Comments: Filled this for a 3.20 ($320) credit in Friday's weakness/high implied. (See Post Below). Out today for greater than 50% max with 44 days to go. 1.83 ($183) profit.by NaughtyPines11112
IWMIWM is about to run into resistance. The gap above could potentially act as resistance and the gap below will act as support. A break above or below will determine the direction. Since it is in a down trend and below the 50SMA I'm gonna remain bearish.Shortby pravenmoorthy0
IWMWhite lines- broadening wedge Yellow line -Split Blue and gold wave- 100 and 200sma Broke above split and is now heading back to resistance here at around 224. also Both moving averages I mentioned are in that 224.50 area. If we break above our next target would be 227. if there is a rejection we could pull back and test that 219 area by ContraryTrader115
IWM: Nasty Sell-Off Now Ready For Reversal IWM Looking to get back to 226.90 by Friday. Get over there and back to ATH after a few days of consolidation. Longby AlphaTradersInc112
IWM breakout watchMaking the 4th tap at this level which increases the odds of a break.. Long term consolidation = big move above if it breaks. Like it above the box. Fibs are targets as usual. by WadeYendallUpdated 2
IWM - Small Cap Longs are trapped. Big monthly breakout that was anticipated by everyone... This could get ugly and painful... Gap Fill? hahaShortby BLZcapital1
High/Low Index confirming market breadth breakdownHere is a shot of Lazybear's beautifully colored High/Low Index.. That massive red area on the left is the original March 2020 Covid drop. Notice how it's pretty clear sailing all the way until..... now. We haven't even hit the bottom yet, but you can clearly see we're in the danger zone where securities making new 52 week lows are vastly outpacing ones making new 52 week highs. This is a pretty dire market breadth indicator, and anyone who's been following the Russell 2000 is already well aware of what's happened the last two weeks, with the 4th fastest time EVER going from a record high to formal correction status. Anyone heard of the Hindenburg Omen? Well, you should make yourselves very aware of it.Shortby digital_precision220
iShares Russell 2000 ETF (IWM)Someone brought this to my attention and I put a chart together. Did we hit the bottom or not yet? All feedback welcome, it helps all of us!by VIN786110
IWM updateSimilar setup here as Dow jones. Has found support on 213 and will now I think really back up to either 216 or 219 which are both fibonacci levels. Once at those levels mentioned I think we will reject and head lowerLongby ContraryTrader5
𝗦𝗺𝗮𝗹𝗹-𝗰𝗮𝗽 𝗨𝗽𝗱𝗮𝘁𝗲: $IWM Weekly. Fake Breakout?If support fails and confirms a fake breakout things could get ugly. One of the more important trendlines to watch! $RTY_F $AMC $CROX $SPY $ES_F $QQQ $NQ_F $VIX $TLT $TNX $DXY #Stocks #Trading 📈Shortby KobesyTrades0