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.
IWM trade ideas
IWM - Small Cap Longs are trapped. Big monthly breakout that was anticipated by everyone... This could get ugly and painful...
Gap Fill? haha
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.
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!
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 lower
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 📈
will the Russell 2000 hold the line? $iwm $rut Russell2000 has been sideway for most of 2021. is this distribution or the pause before the next launch. the broad market sell off has me thinking bad things for the indices. Price to sales on the biggest names seem to be getting reprices from the lofty growth rates. time will tell, but I dont think this is the bottom.
Time for smallcaps?After a long period of $QQQ outperformance, this is the time when I would look for smallcaps ($IWM Russell 2000 etf is a good proxy) to take the lead.
Opening (IRA): IWM January 21st 188 Short Put... for a 3.20 credit.
Comments: Selling 16 delta premium in the broad market exchange-traded fund with the highest 30-day, which is IWM, at 41.5%. I wanted to use the January 14th expiry (42 days until expiry), but the lowest strike available there was the 193, so went out to the monthly instead.
Rolled: IWM January 7th 234 Short Call to 222... for a 3.43 credit.
Comments: You know the drill: rolled down for a realized gain on the call side and to cut directionality. I've collected a total of 13.86 for what is now a 10-wide inversion 222C/232P, so the most I can hope to make out of this is 13.86 -10.00 or 3.86. Current break evens: 218.16 on the put side, 235.86 on the call.
Rolled: IWM December 31st 250 Short Call to 230... for a 1.76 credit.
Comments: Rolling down for a realized gain on the call side and to cut net directional delta, with the resulting short strangle being the December 31st 213/230. Total credits collected of 4.98.
Rolled: IWM December 23rd 234 Short Call to 224... for a 2.09 credit.
Comments: Rolling the short call down for a realized gain and to cut net directional delta. Total of 8.10 in credits collected, with the roll resulting in a 222.5/224 short strangle. Even with today's move and the roll down of the short call, the setup remains net delta long (around 14.33) with break evens at 214.40 and 232.10.
#IWM Russel 2000 has found support at the old channel resistanceNice bounce off the breakout level for small cap stocks in the us. This should bode well for further upside
Historical Behavior post-recessionsThe Russell 2000, as well as the S&P500 tend to have a similar behavior coming out of market bottoms. In this case, we analyze the potential move with past historical data.
The first year is usually a strong one, the second one there is consolidation and accumulation, the third there is a strong rally that loses steam near September.
Using market bottoms from:
1974
1982
2003
2009
IWM support is now resistance .. Short Should cover on those calls here.. I think today was just a technical bounce. were directly underneath our 100and 200sma, unless that November job report blows away we are headed lower
Gold vs US Equities - Long TermFew understand the diminishing returns of artificially created markets. This chart shows why the 60/40 or 70/30 should be replaced with something more contemporary. 50/20/20/10 portfolio Equities/gold/bitcoinÐ/cash.
In a world where more manipulation will create more volatility. People need the option to buy dips, sell rips, and realize the CBs have no way out of the debt trap.
$IWM Breakout.When Indicies/Market ETF's breakout, that is when things get hot.
Major indices like $SPY and $QQQ are at ATH's and pushing every few weeks while $IWM had been a big laggard.
However, $IWM had broken out and it looks like it is trying to pull back for a retest before heading higher. I am bullish on $IWM as this has consolidated for many weeks and it's time for this to get the next leg higher.
Watch for a retest of previous resistance. This might not happen and we could just head straight up or gradually move higher over the course of a few weeks to months.
IWM$IWM bulls are exhausted. 50% retracement is due but I do not anticipate that retracement until 2022. Short-term is bearish with a PT of $216 to close November out.
IWM will at least fill this GAPMaybe one more touch on the 200EMA/2200 psych horizontal level to get it going
About That Small Cap "Breakout"Similar to #ES_F, IWM had signs of a false breakout while everyone was clamoring for a Santa rally. Though we did breakout after an accumulation period, one that lasted almost the entirety of 2021, we had trend line resistance from the 2020 lows directly overhead. If we lose the 2021 accumulation zone, selling could accelerate with velocity.
Short IWM - The "Midterm" variant is upon us.Alarming levels on the Cashflow and CICO (Cash in/cash out) indicators (Free open source indicators on Tradingview.com). Similar levels to the first Covid levels. Shield yourself with long Puts. Also, turn off CNN, MSDNC, Fox, ABC, CBS, NBC, CNBC; they are shit. That is all, good day!
Rolling: IWM December 23rd 246 Short Call to 234... for a 1.77 credit.
Comments: Rolling down the short call aspect of my December 23rd short strangle to cut net delta/directionality. Collected a total of 6.01 in credits so far. (See Post Below). The resulting position is still net delta long, just not as long as it was.
Rolling: IWM December 17th 242/232 Short Strangle to January 7th... 232/234 Short Strangle for a 4.82 credit.
Comments: With 21 days to go, rolling this out to cut directionality. I've collected a total of 10.43 in credits so far (See Posts Below). Position remains net delta long.
