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IWM trade ideas

(IWM) Longterm scenario #2(IWM) Longterm scenario #2- This is scenario #2 and the difference is that instead of us on the previous post heading into "Primary 5th wave" we have instead already had the completion of "Primary 1&2" around the (20% retracement zone "Which is the minimum in a Strong Bullish Market") and are heading to the common estimated (1.618 Fibonacci at $433) for "3rd wave primary". Now this is only if we are way too "Impulsive" to concur with our (1st longterm scenario) . The longterm time objective would be of (July 2022-November 2023). As always these are my opinions : ) If any questions you can ask in the comments below : ()
AMEX:IWMLong
by GioThaKingo
IWM 11/22 fell through the wedge/flag it was forming but more importantly Closed right at support. Going into Monday we really do not want to see a drop below 232 because that would signal that we're heading back to support #2 at around 229.. Noticable was the increasing volume of selling . Small caps, Cyclicals , and reopening took a hit last week. It started with a pullback that then increased with news of covid cases on the rise and foreign lock downs. Any news that negatively affects job outlooks will effect IWM first. The Dow Jones is near significant support and the Nasdaq is near significant resistance. we may see some rotation out of tech and back into small caps and and Cyclicals by late Monday or early Tuesday. If we close below 232 monday then we'll be headed back to 229. I'd we bounce at 232 I expect a rally up to that purple resistance i outlined which should be around 236.
AMEX:IWM
by ContraryTrader
20 year elliott wave analysis ($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
$IWM - countI believe IWM is looking for this wave iv bottom (or already found it). Don't like price action and weakness from Friday, this is the one signal that makes me think we could flush again early next week. IWM was weak - so was the other index movement just a pump?? We will see very soon... Either way bulls - green path Bears - pink path and we go lower to find that iv I STILL LIKE THIS TO GO MUCH HIGHER OVER NEXT FEW MONTHS BUT EXPECT SERIES OF 3'S AND 4'S === CHOP CITY. SWING TRADER DREAM IMO
AMEX:IWM
by btwice53190
2