chasing the radiusLooking to bounce, then possibly up or a downward break to 220s. Macro conditions need to be reassessed when it touches the radius. Recent trend is steep upward movements on contacting the radius.
IWM trade ideas
IWM: The Ripper Weekly LookIWM will be ready for the next leg up later this week. Stay patient. Once clear of $241.57, looking to get back to ATH. Most likely will rocket through it.
$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
Possible 5th Wave Extension?With Wave 3 not being very extended in the relation to Wave 1, it leaves the door open to extension in Wave 5.
IWMIWM now looking to do a potential reversal. We have a reversal harami candle pattern on the daily. I could see it reverse as soon a tomorrow. A break above 240.34 can easily take it to it's ATH.
IWM, next leg downThis is a 1 hr chart so we'll know by 2 o'clock EST whether we break up or head back to 234.
IMO we head lower
IWM - PullbackWay overbought, buyers drying up. Time to take profits.
There are some unfilled gaps, my guess is that they will.be filled quickly.
IWM Bear flag Pull back starting here for mid and small caps.. There seems to be a lot of profit taking going on for The infrastructure plays (Metals,Evs,Clean energy).
We broke out of a year long consolidation at 233.95, but the trendline that we rode to ATH has been broken. I think this bear flag will bring us down to retest this breakout.
Also alot of these Small caps are tanking on earnings
Rolled (Margin): IWM December 17th 207 Short Put to 232... for a 2.52 credit.
Comments: This is the short put aspect of a short strangle that I rolled up to reduce directional delta in the setup. The oppositional side -- the December 17th 242 short call, has a delta of around -52, so I rolled the short put up to the +25 delta strike to cut net delta of the short strangle in half or so.
The original short strangle was filled for 3.09 (See Post Below), and I had a take profit target of 50% of that or 1.55. Since I've collected an additional 2.52 in credit with this roll, I'm revising the take profit to 1.55 + 2.52 or 4.07.
IWM: The Ripper Weekly LookSame as the rest of the market: Pullback to the 8D, then continue the rip. Confluent with backtesting the breakout area from last week.
$IWM - Small Cap SeasonOn the last post I had a dip then rip scenario because I was looking for wave 2 to hit the 61.8 retracement, but obviously I was wrong and we had a shallow 2 followed by a shallow 2 and then BANG!!! We finally got our breakout we have been watching since Aug. Congrats longs!!!
Bulls: All dips are a BUY! We are going to be seeing a nest of wave 3's and 4's here, so we are going to see some chop but IWM should get into 260+ likely by year end.
Bears - I dont think you can squeeze much juice from this guy, better look elsewhere, I know of a few other indexes that are pretty extended, go look at those
iShares Russell 2000 ETF Taking off. IWMUpgoing zigzag with a Wave C is confirmed. This is fairly, given that we passed the most recent max on this one. Just a heads up - this is on a weekly chart, so don't expect any overnight miracles on this one.
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 green 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!
5th wave up or wave 1 of 5 iwm IWM one yr triangle . top wave count . we just ended wave 1 of 5 or wave 5 I AM NET SHORT 95 %
Opening (Margin): IWM December 23rd 222.5/258 Short Strangle... for a 3.42 credit.
Comments: The highest implied volatility broad market exchange-traded fund on the board (when hasn't it been for the past year?). Going delta neutral, looking to take profit at 50% max/manage sides on test or approaching worthless. 10.5% ROC as a function of buying power effect; 5.2% ROC at 50% max.
Closing (IRA): IWM November 19th 204 Short Put... for a .10 debit.
Comments: In for 1.87 (See Post Below); out for .10 here. 1.77 ($177) profit.
#IWM finally broken out of channelFinally, after consolidating within this box structure all year, small cap stocks have broken out and look to have at least 10% upside from the breakout level before the full channel target is reached.
We've waited almost a year for this setup, time to buyIt's been a long wait for this consolidation to break... and it finally has. Risk on sentiment around the market, underweight institutional asset managers... time for small caps to fly!
$IWMBroke out of 10months long base, looking good to add long, of at all it retest 233-234 back will take long position
9 Month Consolidation is over -Bull Run Coming9 Month Consolidation is over -Bull Run Coming, Buy TNA
Market Maker Sweet Spot CalculationsIWM Market Maker Sweet Spot Calculations
NOVEMBER 2, 2021
How do we get to the Sweet Spot
Derived from the amount of OPEN INTERESTS multiplied with 100 shares per contract times mid price gives us a good estimate what money is at stake and where the Market Maker will make the most money, or better said will lose the least! This is the spot where the market maker wants to be every Friday when there is Option Payday.
The further text will not fit here since this introducing broker has no money to implement a nice editor or allows content provider to publish content without paying. Also for violating their rules some of my blogs got hidden. You will find me on Twatter.
Will it break?It will be interesting to see if the Russel can hold this level and move up to the next price target I have here, or move back down to support.
