Russell Correction Complete? ABC bottom looking right at this point here so I'm leaning bullish Support levels: 1. 2020 High Backtest 2. 200 Weekly EMA Backtest 3. Channel Support PA reaction Longby TradingMula8
IWM bearish bearish at least until indiscriminate selling is over most likely going to see a bounce before taking out a major fib level Shortby WGMI-NFAUpdated 1
IWM Update: 6 MayThe Russell is tossed around by dip-buyers and sellers of strength. In this video I take a look at an important bullish divergence and a trade idea that can be profitable regardless of market direction if it is managed well.04:09by UnknownUnicorn122503171
IWM - Russel potential turn soon.The 0 - 5 count could be over in a couple days. When price reaches the L-MLH, then we know that it's stretched extremely. As a Pitchforker you know that these are the greatest opportunities to trade. So let's observe it and maybe we find a good Risk-Reward entry. Longby Tr8dingN3rdUpdated 3
Iwm small caps bullish violent meltup Massive inverse head n shoulder monthly with lower shoulder forming extremely bullish just regained long time support . Stochastic Rsi way oversold I’m expecting violent move up here wouldn’t be surprised if we make new highs. Buckle up Longby Worldcat320dc0
IWM: Pivotal ChangeRussell 2000 looks to be on the cusp of breaking down, after a short term distributional channel (following a longer term underperformance). We might get a small bounce back up to the prior support (as backing up action) before continue lower. There is a lack of a volume signature on the bottom of channel indicating no volume absorption like we saw last time (marked in the green box) and this suggests that we will see some acceleration to the downside. The point and figure chart suggests we a price target range of 110-140 signifying an additional 30% drop. This is entirely possible considering the slower growth and further possible war catalysts. While this, might not be the "end" yet - this warrants some portfolio hedging or at least trimming of "high valuation" positions.Shortby quantitativetendiesUpdated 111
IWM shortIWM Index should touch 179 - 165 before rebounding back to 200. Wait for the Index to bottom out before building large long positions in equitiesby IrinaTK2
IWM massive BreakIWM very weak in the larger time frames. It has just broken below a very important support level opening some further targets. If market continues to show weakness we could see IWM rolling over towards $172. Previous Support can be considered Resistance now and Stop loss. Shortby TheBullandBearLounge1
Rolling: IWM May 20th 176/217 to June 17th 165/210... for a 1.26 credit. Comments: Kind of neglected this position a bit, so rolling out, recentering risk instead of rolling down the call side to flatten net delta with 21 days to go. Total credits collected of 3.23.by NaughtyPines1
Intraday puke reversal for the Russell 2000 at key levelsBuyers are stepping up right where they needed to at important multi-month lows. Let's see if the turnaround can hold for a weekly close > 188.by EvanMedeiros1
IWM Update: 28 AprilThe Russell is approaching a potential target zone. In this video I share an idea how to trade it with a Broken Wing Butterfly that will benefit from time decay during a potential re-accumulation. It has defined risk in case the selloff continues, and no upside risk in case the bounce happens earlier or is faster than anticipated. 04:31by UnknownUnicorn122503172
Update Russell 2000Still short the Russell. Structure is breaking down once again. Russell usually leads the big indices. Shortby richardthick0
IWM Daily analysis for the past 3 yearsThis IWM daily charts shows IWM has reached this bottom level 4 times in recent months (since January 2022). The last time IWM at this level was in December 2020. This bottom range between 188-193. If IWM respects this support (STRONG SUPPORT), it will start to bounce. I would watch levels (200,211,225.. for the upsides) Please note: This is an opinion, not an investment advice.Longby PrimeOptionsTrader110
Crab Pattern on IWMGiven current market conditions: 1. High inflation 2. FED action to aggressively tighten monetary policy (increase interest rates and reduce balance sheet) 3. Small Caps (made up of small risky companies) struggling in high interest rates environment I see IWM going lower from here. Target around 172 or lower even. My moving average indicator (bottom red and green curves) are also helping in the probability of this crab pattern to occur. Shortby maitreyoda215
Time for a gut check and re-test of the Feb/March lows?let's keep some eyes on this Russell 2000 ($IWM) 190 zone this week to see if prior support holds up.by EvanMedeiros222
IWM back on Radar for Swing TradeDashed lines mark a few levels on chart. Sometimes zooming out in time helps to really see price trends and patterns. Here you can see price has been consolidating in a rising channel since end of Jan. The more I look at this, the more I think price will eventually break the red line and continue lower. Signs that bearish trend continues: > 20sma (aqua) crosses below 50 (blue) > 100ma (purple) holds as resistance while 20/50 MA's start turning down > RSI returns below 50 > daily close below red line with continuation lower As I write this, price is knocking on 202, which has also been a big level for me on my 30min chart. You can see to the left that price rose steeply, and I think if this channel breaks down then price will go to 188, 180. On the weekly chart price has already turned down from 20MA and is currently sandwiched between 20 and 100 MA's. by OptionsRisingUpdated 443
Khans $IWM-Outlook 04/21/22With the overall good performance of IWM the past days we managed to end the day above weeklies POC. Futures look very promising, so i assume a test of the long-time support, now resistance area above.by KhanPhelan0
Bullish? Lately, IWM has been somewhat following the broader market, like SPY, DIA and QQQ. In fact, IWM took a harder hit than SPY in the sell off we saw. It sold off below 20% vs SPY that only sold off roughly 13%. SPY is definitely more averse to such dramatic sell-offs. And while SPY flounders with extreme ups and downs in its price action, IWM has remained quite consistent and has been an attractive option for those escaping the huge volatility of SPY. In fact, its created these very consistent channels where you can essentially go long or short and be sure to hit that price target within a week, regardless of the greater circumstances. Ideal for those applying martingale type strategies and those relying on the cyclic nature of the market (see the channels below): In fact, because of this consistency, IWM responds very well to statistical predictions (my personal strategy) and, I admit, I have neglected this stock in favour of DIA. But I find DIA also is becoming slightly less predictable just like SPY, as SPY has started to flail its arms around and desperately clasp to the walls to keep itself afloat. As SPY continues to show dramatic swings in both directions, IWM has remained fairly predictable and stable and it actually looks somewhat bullish. We see a cup and handle pattern forming on the 1 hour chart (see below): Not only that, but we actually have a well defined bull flag that broke out and has maintained its breakout level (see below): This definitely looks bullish on the 1 hour. I admit, its really hard to be bullish in this current market and especially given the current economic and political circumstances of the world. Its also hard to expect IWM to be bullish and SPY not to be. But I don't necessarily think that this bullishness will neither be long term nor sustained. I just think that, in the short term, we could see some bullishness. IWM has fallen dramatically. It is trading in its predicted normal range right now from a mathematical perspective. In any other given circumstance, this would be an ideal opportunity to go long. However, I think that we will see, eventually, this market is going to tank things down into the negative growth. SPY has not even been able to recover to its normal range yet. Its still operating at its inflated range. And until it finally gets the reality check it needs, we can bet that that beast is going to drag everything down eventually. I think its completely unfair that stocks like IWM, QQQ and DIA, which have normalized already, will pay the price for SPY's "pig whale"ness, but yeah, c'est le marché boursier. I should add, that its very clear in the first chart that the lower channel is a pseudo-wedge type bearish flag. Its definitely a bearish sign, but we still have not had a breakout of this channel, YET. Tomorrow, what I have calculated for IWM is the following: High: 203.97, If we do get that bullish conviciton, we could see a breakout to the high 204 range. Anything higher than 204 would be serious bullish conviction. Low: 201 range. If it maintains bullishness, we may only see high 202s. My plan for IWM? - Looking for some short term bullishness. Ideal situation is if this drops down near open to 202 / 201 range for a long entry. - If this hits the ground running, I will likely be looking for rejection of the higher 203 range. Stop out would be above 204 range for a short entry (But this is contingent on what the model predicts based on AM data). Based on technical analysis of these channels as well as probability calculations, ideal entries for a swing short position are over 207/208 price. Ideal entries for a swing long position is 197 or below. Not financial advice, just haven't done a true technical/math based analysis in a while and wanted to share what I was seeing on IWM. Feel free to leave your thoughts and questions below. Thanks for reading! by Steversteves19198
Rolled (IRA): IWM May 6th 185 Short Put to May 27th 183... for a 1.05 credit. Comments: 50% max roll to the <16 delta strike in the expiry nearest 45 days that is paying around 1% of the strike price in credit. Total credits collected of 5.77 (See Post below) plus the 1.05 here for a total of 6.82 versus the 1.86 or so the 183 was paying, so I've realized gains of 4.96 ($496) so far. The May 27th 16 delta is just barely paying 1%; otherwise, I probably would have done a "window dressing roll" from the 185 to the May 27th 175 for a small credit to milk the remaining extrinsic out of the option while reducing risk (since it's farther out-of-the-money) and buying power effect (since it would've been a lower strike).Longby NaughtyPines0
$IWM Key Levels, Analysis, & Targets $IWM Key Levels, Analysis, & Targets So today with Vix up over 5% (up to 7, but I rolled around 5.5%) I took advantage and rolled my Long puts up to 203, and my short puts up to 193, making my strikes a little wider and setting up to collect more premium when vix goes back up. My long strikes are still ITM, and the short strikes are a little further down. And sell target is still 184… —- I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible… Shortby SPYder_QQQueen_Trading445
$IWM Key Levels, Analysis, & Targets $IWM Key Levels, Analysis, & Targets So I haven’t traded IWM in a while, so my strikes are kind of close together… Right now I’m in puts Long 200, Short 196 on the 17 June expiration. As soon as either side get’s challenged I’ll adjust. And when the opportunity presents itself I’m going to leg into the call side as well… ----- --- On the Put side: When VIX goes up, roll long puts down and short puts up to collect premium. When VIX goes down, roll short puts down and long puts up, to strengthen your position. On the Call side: When VIX goes down roll long calls up and short calls down to collect premium. When VIX goes up roll long calls down and short calls up to strengthen your position. —- I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible… Shortby SPYder_QQQueen_Trading4
iShares Russell 2000 short...Hi! this analasys is about shorting ETF. As you can see at chart, we see the trend is broken and 20SMA, 50SMA and 200SMA is crossed. In same time we have bearish flag pattern and i am waiting for to break lower trendline of flag pattern. My TP is 171.00 and SL is 209.46. Note: DISCLAIMER! Please do not use this information to make investment decision! This is only for educational purposes.Shortby MountainFX20040
IWMwe notice tha tthe price reachd a support level few days ago and broke it . but a new climb is being form as the the price slowly going back to the previos support that've been broke . best move : is to wait until we see a confirmation candle is formed and open postion as buyers by fhuutuuf0