$IWM nearing last year low Weekends are great to zoom out and look at the bigger picture. 3M and 12M thus Quarter and Year Which for IWM (as many others) don't look particularly well, apart for the shorts ; - ) Will we see another 2d on the Y (?) or the 'traditional end-of-year-rally' Shortby RobinsOptions1
IWM: Breaking Down From A Bear Flag Visible on the MonthlyThe Russell 2000 has broken down from a Bear Flag that is visible on the monthly timeframe; at the same time, the RSI is breaking below trend and the MACD has flipped Bearish. If this goes like last time, it will result in a deep bearish retrace, perhaps all the way down to the $70s or even the $50s. One thing to keep in mind is that the Russell is heavily linked to Finacial Stocks and Banks, so this Bearish Setup here is likely more indicative of what's to come for the financial sector, including Banks, REITs, and other Services, than anything else.Shortby RizeSenpai3
$IWM Reversal?I took a chance on AMEX:IWM yesterday on the reversal candle. I liked the action today as it followed through. It did get rejected today right at the area of horizontal resistance although it did close in the upper 2/3 area of the candle. I look at that as being bullish. I will look to add to my ½ sized position if / when it can get over that flat resistance area and again if it can break above the downtrend line. All TBD. My Stop is under that red candle from last Friday. See notations on chart for my thought process. My thinking is that “if” there is going to be a 4th quarter rally the small caps will need to participate. Again, all TBD. Not investing / trading advice. Comments always welcome. Thanks for looking. Longby jaxdogUpdated 2
$IWM - at a crossroadsAMEX:IWM In my earlier post, I mentioned that we could see a reversal. Well, the reversal persisted until $177 but fell short of the $180 target area, influenced by the outbreak of a war over the weekend and slightly hotter than expected CPI. Keep a close eye on the critical support area at $169. Bulls will be hoping for this area to hold and facilitate a bounce. Until $182 is reclaimed, the Russell 2000 remains in a vulnerable position. However, should it drop below $169 level, a bearish scenario could unfold. Bearish targets: $165 $155 Bullish targets: $177 $181 $191 Currently, it stands at a crossroads. by PaperBozz0
Is the Russel 2000 ETF about to collapse?The charts are indicating caution. Articles, social media, ever since the markets have been in turmoil those past two years you will now read how shrewd investors are taking refuge in precious metals and index funds for a steady yet underwhelming return in the years to come. But what if there was no return in either until at least 5+ years? What if the only returns to be made were with individual stock picks? I think there’s a strong argument to be made for both. But first the Russel 2000 ETF TA, why bearish? On the above 1 month chart: 1) Price action and RSI support both fail. 2) Price action exits a bear flag with a 25% measured move to the downside. 3) MACD crossover (blue circles). A reminder this is the monthly chart. Looking left, a bearish crossover has resulted in 30% drawdowns in the market in the months the follow this signal. 4) It is interesting that a 25% correction will also find price action strike the golden ratio, which is also equal to the bear flag extension! Yeah.. (think John Wick), it’s bearish. Now what of this 5 year wait before a return? I think both metals and index funds are going to be brutal for any investor who enters a long positions today. Why? Look left, it is that simple. Typically long positions before 30% corrections in this ETF required 3 years of waiting before a breakeven point, with the exception of 2007, which took 6 years. Why the difference? Very simple really, the higher they climb the further they fall. The recent market performance from April 2020 saw 110% return for those investors who took long positions. Just as with 2002 market top after a 140% rally a long position would now take 6 to 7 years to print a return. Why individual stock picks? This is a traders market. A blanket sweep across multiple positions is only good during times of easy money, in my opinion. Performance in the market will only be achieved through finding value stocks rather than growth. Again, my own opinion. Since the Russel 2000 ETF started correcting in April 2021 there have been exceptional individual stock picks that have returned well over 100%. Some examples below. Questions? just ask! Ww Examples of individual stocks picks that have outperformed: Weight Watchers international, up 200% since the market low Pacific Biosciences of California, up 170% since the market low Vroom up over 200% by without_worries556
$IWM - we could see a reversalAMEX:IWM the price came down to $172 - $170 area as stated in my previous post from September 18 and bounced. It is possible that we could see a reversal to $180 area. Target: $180 $189 $195 Downside risk: $164Longby PaperBozz0
$IWM: 170 flag intradayLooking to see if there's follow through on IWM at 170Shortby Fox_TechnicalsUpdated 0
IWM BreakdownIWM breaking down. Next area of support looks like it will be around $145 ish. If IWM continues to breakdown, it will drag the overall market lower...look out belowShortby mggagni111
IWM BounceLooking to play the bounce of the IWM. Thesis: Seasonality looks good for an end-of-year rally. Interaction with lower channel trendlines that have bounced before. Negative Divergence on the RSI. Longby jl3600
IWM: Make or BreakIWM closed in a very precarious spot. Its really make or break here. If we bounce, the green lines are my TPs on the week with major resistance at that supply zone starting at 186. If we break down, the demand zones are outlined below, but we don't have any major support until 171. Let's see how we start off tomorrow. by Steversteves8813
IWM/SHY Sell SignalClear perfect H&S top in the IWM/SHY ratio chart. Predicts that short term bonds will now outperform the Russell 2k and the target of the pattern is a new low in the ratio. This implies that the Russell is likely to break to new lows while short term bonds should remain strong. If short term bonds were to decline at the same time as the Russell, the decline in the Russell will be more severe. Shortby joshrleonardUpdated 0
IWM: small-cap firms at risk as prices decline (27/09/2023)Recently, small-cap companies, in particular, have been adversely affected by the Federal Reserve's interest rate hikes. The Russell 2000 index is down 7% since the beginning of September. According to Ned Davis Research, 30% of the companies in this index have floating interest rates on their debt obligations. In contrast, only 6% of firms included in the S&P 500 index have borrowed funds under similar terms. This explains why small-cap companies are the most vulnerable to the tight monetary policy of the American Central Bank. Considering these developments, it might be interesting to examine instruments that reflect the value dynamics of small-cap companies. Today, our focus is on the IWM ETF chart (NYSE: IWM), which invests in companies comprising the Russell 2000 index. On the D1 timeframe, resistance has formed at 178.50, with support at 177.05. This level was broken through on Monday 25 September 2023, and a new support level has not yet been established. There is also a clear downward trend on the H1 timeframe. The price could drop to 168.25 in the short term and to 162.45 in the medium term. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.87% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.by RoboMarkets1
Russell 2000 at support levels. We have discussed the Russell 2000 head and shoulder pattern and long term double top on many venues, whether this weekend's Week Ahead" video, or on our daily FACE shows, it's a familiar chart. However, the daily RSI has just reached oversold. Oversold and become MORE oversold and the pattern targets are actually towards 2022 lows, but the 78% retracement of the March lows to July 2023 highs is at 174.42, and the ascending trend line of the Oct 2022 lows to present day is not far away. These may be levels that provide a bounce and better levels to be on the short side like closer to 180 vs where we currently trade at 174.50.by ForexAnalytixPipczar0
Potential downside targets (Russell)Potential downside targets for Russell 2000 based on location, trend, and structure.Shortby ReyS0021
$IWM: A Bounce Worth Trading?Looking to see if IWM can get a relief bounce here that could be worth trading. We'll stay tuned and find outLongby Fox_Technicals0
IWM183 break. 176. then bulls need above 180 to close gap to upside. testing critical support.by HotPotatoTrader0
$IWM Head & Shoulders PatternAMEX:IWM Head & Shoulders Pattern, The Russell 2000 ETF (IWM) is currently displaying a Head & Shoulders pattern, a classic technical analysis formation often considered a reliable predictor of future price movements. In this pattern, the "head" represents a peak that is higher than two other peaks, known as the "shoulders." Generally, the pattern signifies a potential reversal in the prevailing trend—indicating a bearish reversal after an uptrend or a bullish reversal following a downtrend. Traders and investors often watch for the neckline, a support or resistance line connecting the lows of the pattern, to be broken as confirmation that the pattern is complete and that the anticipated trend reversal is likely to occur.Shortby AlgoTradeAlert2
FOMC pauses Rate Hikes - QQQ/ SPY/ IWM/ DXYWhats next for the markets? A complete collapse? A blowoff top? Sideways Chop? Lets discuss some pivotal price action04:10by Trading-Capital1
If you count with a market crash this one goes firstMonthly timeframe chart. Price is building up a huge bearish flag, it may try another push to the flag resistance (I would open a short then) but it doesn't look good at all for the Russell 2000. Another strategy is to open a small position now and add if price hits the resistance and is rejected or add is price breaks down the flag support in the weekly timeframe. This is a long term trade it could take several weeks to play out. TP at 145 support. SL at 205 level.Shortby ArturoL2
Is IWM going to give up yet?This ticker is not looking good. A Head and shoulders pattern looks like it wants to play out. Huge volume by price desert with a gap to fill down around $176. Seems inevitable. Let's see if we get a neckline break this week.Shortby OhKaaaleNo0
$IWM - Potential Head and shoulderAMEX:IWM was rejected from upper trend line and it is now forming a head and shoulder pattern. It is currently near the neckline area which is also the 200-day moving average. If the price breaks below $180 neckline, it can see further breakdown to $172 - $170 area with $177 being a good support and a possible reversal area in between. If the price can bounce from here and climb back above $192, the pattern will invalidate.by PaperBozz11111
The Day Ahead: IWM, QQQ, TQQQ, GDXJ, FXI, EWZIt's Friday and a Triple Witching to boot! Well, IV isn't great here pretty much across the board for us premium sellers. Nevertheless, if you must play (and some of us gotta), here's what's shakin' ... . Broad Market QQQ, .8 IVR, 17.8% 30-day IV, with the shortest duration in which the <16 delta is paying greater than 1% of the strike price: December 29th. IWM, .7 IVR, 16.8% 30-day, with the shortest duration in which the <16 delta is paying greater than 1% of the strike price: December 29th. SPY, .9 IVR, 12.9% 30-day, with the shortest duration in which the <16 delta is paying greater than 1%: (Ugh), March (there is no February monthly yet). Exchange-Traded Funds Ideally, you want to hit these when IVR >50 and IV is >35%, but IVR is at rock bottom, with most skimming the very low end of their 52-week ranges. Sometimes, you just have to settle for what the market gives you. TQQQ, 8.5 IVR; 52.6% 30-day. GDXJ, .6 IVR; 31.6% 30-day. FXI, 7.9 IVR; 29.4% 30-day. EWZ, 2.8 IVR; 26.7% 30-day. Fortunately, all of these are <$45/share, so you will be small in terms of buying power effect with the natural exception of the leveraged TQQQ, which your broker may require be cash secured on margin (which naturally makes it less sexy in that environment from an ROC %-age perspective). Stay small and don't get all of your powder wet.Longby NaughtyPines0
Opening (IRA): IWM December 29th 155 Short Put... for a 1.56 credit. Comments: Rounding out rungs in the last of the available expiries in the 4th quarter, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market using short puts. If I had nothing on in IWM, I'd probably go shorter duration (e.g., November 17th) where the 165 is paying 1.75 at the moment; I already have a rung at that strike, so am going out farther in duration to keep theta on and burning. The same would probably go for my Friday stuff in the Q's and in SPY.by NaughtyPinesUpdated 0