Get started
iShares Russell 2000 ETFiShares Russell 2000 ETFiShares Russell 2000 ETF

iShares Russell 2000 ETF

No trades
See on Supercharts
Overview Analysis News
Ideas
Discussions Technicals Seasonals Options

IWM trade ideas

$IWM - Small cap time to shineSuper bull count here, and honestly this one IMO is what will occur. For this count our wave IV bottom was already set back in July. Since then we have already put in a primary 1 and primary 2, and now we have put in an intermediate wave 1 and are looking for our wave 2 bottom. Now it is possible that wave 2 bottom already is in as we have had a ~61% retracement, BUT the rest of the market is in dump mode so this one likely goes lower as well. Ok, so what am I seeing? I think we have already put in 3 waves down and bottomed for our W, I think we will get a rally this week early (as the indexes relief rally takes place) and IWM should go back up to 225-227 range, and then it will flush when the SP and nasdaq do. We should be looking for IWM to find bottom around 215 for our wave Y which is wave 2 bottom, right on that uptrend line. From there we will be in a wave 3 of 3, and IWM will lead during the next leg higher. I think IWM will see 250+ by December. Best way to trade this: BTD and with options you want time incase the market is unfavorable for the next month or so. Also, would be smart to have hedge in case a bear count is actually in place and IWM wants to go down to ~200 to find the true wave IV bottom
AMEX:IWMLong
by btwice53190
$IWM running triangle count - still valid but not favoredThis count is still valid and if the indexes rally this week we could see it. IWM is currently sitting right above the 50 & 200 day MA as well as the last pivot AVWAP. If those hold as support then IWM will look to test the upper trendline ~230-232. If this does occur I think that IWM could get rejected at those levels and then be sent down to retest the lower trendline - putting in wave E which is wave IV bottom. From there IWM will go to ATH's on the next leg up. Although this count is still valid I do not think it is the most likely scenario given current market conditions. Look for a couple more IWM postings (they likely will be posted as private but accessible from my twitter feed)
AMEX:IWM
by btwice53190
$IWM - Bull wave theory countThis count is still very possible, despite all of the index "top is in" bears out there. For this bull count we are going down for a wave B, before rallying to the upper trendline for our wave C of D, the D is of a ABCDE correction for our wave 4. IWM likely goes back up to kiss 232 area before the market actually sees a short term top and IWM gets the flush back to the 210 range. Right now our green B wave needs to catch support at the wave C pivot AVWAP (we broke the wave (B) AVWAP Friday)
AMEX:IWMLong
by btwice53190