IWM Technical Analysis and GEX Overview
1D (Daily) Chart:
* Trend: IWM is showing signs of a bearish move as it continues to pull back from recent highs near 244.98. The price has fallen below the 9 EMA and is testing a support zone.
* Key Levels:
* Support: 231.88
* Resistance: 240.00 and 243.69
* MACD: Showing downward momentum with a bearish crossover; selling pressure persists.
* Volume: Volume has slightly increased, suggesting active participation as sellers dominate the trend.
1H (Hourly) Chart:
* Trend: The price is attempting to stabilize after a significant decline. It bounced off the 231.88 support and is testing the short-term resistance at 234.50.
* Key Levels:
* Immediate Support: 233.00
* Resistance: 235.00 and 237.00
* MACD: Mixed signals, showing potential for a bullish crossover if momentum increases.
* Possible Scenarios:
* A reclaim above 234.50 can target 235–237 in the near term.
* A failure to hold 233 could trigger a retest of 231.88 support.
GEX Analysis:
* Key Gamma Levels:
* 2nd PUT Wall: 237 (-1.45%)
* 3rd PUT Wall: 236 (-2.65%)
* 2nd CALL Wall: 235 (+72.27%)
* Highest Positive Gamma: 234 – This suggests resistance near 234 could create a ceiling unless bulls push through with strength.
* Support Gamma: Gamma exposure at 231–233 offers strong PUT support, likely preventing sharp declines.
* IVR: 25.4
* IVx Average: 23.5
* Call/Put Skew: CALLS 18.26% dominance, indicating bullish sentiment but cautious buyers.
Trade Suggestions:
Scalp Trades (Intraday):
* Bullish:
* Buy CALL: If price reclaims 234.50 – Target: 235.50
* Stop-Loss: 233.50
* Bearish:
* Buy PUT: If price rejects 234 – Target: 232.00
* Stop-Loss: 234.75
Swing/Day Trades:
* Bullish Setup:
* Buy CALL: Above 235 for a move towards 237–240.
* Expiration: 1–2 weeks
* Stop-Loss: 232.50
* Bearish Setup:
* Buy PUT: If price closes below 233 for a retest of 231.88–231.
* Expiration: 1–2 weeks
* Stop-Loss: 235.00
Outlook:
IWM remains under pressure, but the bounce from key support at 231.88 suggests a potential short-term reversal if resistance at 234.50 breaks. Traders should watch the gamma walls near 234–235 for confirmation of direction. The short-term bias remains neutral to bearish unless buyers reclaim resistance zones.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage risk accordingly.
1D (Daily) Chart:
* Trend: IWM is showing signs of a bearish move as it continues to pull back from recent highs near 244.98. The price has fallen below the 9 EMA and is testing a support zone.
* Key Levels:
* Support: 231.88
* Resistance: 240.00 and 243.69
* MACD: Showing downward momentum with a bearish crossover; selling pressure persists.
* Volume: Volume has slightly increased, suggesting active participation as sellers dominate the trend.
1H (Hourly) Chart:
* Trend: The price is attempting to stabilize after a significant decline. It bounced off the 231.88 support and is testing the short-term resistance at 234.50.
* Key Levels:
* Immediate Support: 233.00
* Resistance: 235.00 and 237.00
* MACD: Mixed signals, showing potential for a bullish crossover if momentum increases.
* Possible Scenarios:
* A reclaim above 234.50 can target 235–237 in the near term.
* A failure to hold 233 could trigger a retest of 231.88 support.
GEX Analysis:
* Key Gamma Levels:
* 2nd PUT Wall: 237 (-1.45%)
* 3rd PUT Wall: 236 (-2.65%)
* 2nd CALL Wall: 235 (+72.27%)
* Highest Positive Gamma: 234 – This suggests resistance near 234 could create a ceiling unless bulls push through with strength.
* Support Gamma: Gamma exposure at 231–233 offers strong PUT support, likely preventing sharp declines.
* IVR: 25.4
* IVx Average: 23.5
* Call/Put Skew: CALLS 18.26% dominance, indicating bullish sentiment but cautious buyers.
Trade Suggestions:
Scalp Trades (Intraday):
* Bullish:
* Buy CALL: If price reclaims 234.50 – Target: 235.50
* Stop-Loss: 233.50
* Bearish:
* Buy PUT: If price rejects 234 – Target: 232.00
* Stop-Loss: 234.75
Swing/Day Trades:
* Bullish Setup:
* Buy CALL: Above 235 for a move towards 237–240.
* Expiration: 1–2 weeks
* Stop-Loss: 232.50
* Bearish Setup:
* Buy PUT: If price closes below 233 for a retest of 231.88–231.
* Expiration: 1–2 weeks
* Stop-Loss: 235.00
Outlook:
IWM remains under pressure, but the bounce from key support at 231.88 suggests a potential short-term reversal if resistance at 234.50 breaks. Traders should watch the gamma walls near 234–235 for confirmation of direction. The short-term bias remains neutral to bearish unless buyers reclaim resistance zones.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage risk accordingly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.