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IWM

Daily Watchlist (12/17/24) + Market NotesSPY - Failing attempts all over to reclaim highs and lows, so we are making new intraday Broadening Formations. The current one as seen in the chart, is looking to potentially head back through previous range if unable to continue to the upside pivots around 608.40 and 609. Given we have FOMC news Wednesday, I am not expecting too much to happen tomorrow as we are stuck in previous range and keep seeing failed attempts to reclaim pivots. Of course anything can happen, but I will strictly be watching individual names only for trades. QQQ - New ATH again today. Nothing special to note besides the fact that tech is obviously leading things this week DIA - Polar opposite of QQQ. Industrials getting slammed again this week as DIA puts in its 8th consecutive Daily lower low IWM - Green today but similar to DIA Overall market notes: Its clear that the market continues to see cyclical names move higher while more defensive and noncyclical names continue lower. In light of FOMC this week, it doesn't seem like any sectors are making too big of shifts besides financials finally seeing some buying again. Mainly just concerned with what SPY does this Wednesday as it seems like usual we are waiting for the news before making the next significant move. WATCHLIST: Bullish : NASDAQ:PLTR - Potential 3-2U daily with a potential 3-1-2U 4HR to trigger the day. FTFC green, but week is inside with lots of room to go for either side to go 2 Bearish : NYSE:UBER - Potential 2-1-2D Daily. Shooter inside day to put week 2D and confirm Q attempting to go 3 after hitting hammer revstrat upside magnitude earlier this Q NYSE:PFE - Potential 3-2D daily to put week 3-2D. Weekly reversal occurred at Q exhaustion, but failed 2 upside attempts now. "Fail one side, target the other" NYSE:PINS - Potential 3-2D Daily to confirm Weekly 3-2-2D in force with magnitude left Notable winners from weekly watchlist (posted Sunday 12/15): ETSY, RBLX, RKLB, OXY, WMT
AMEX:SPYShort
by Alanger17
Daily Watchlist (12/17/24) + Market NotesSPY - Failing attempts all over to reclaim highs and lows, so we are making new intraday Broadening Formations. The current one as seen in the chart, is looking to potentially head back through previous range if unable to continue to the upside pivots around 608.40 and 609. Given we have FOMC news Wednesday, I am not expecting too much to happen tomorrow as we are stuck in previous range and keep seeing failed attempts to reclaim pivots. Of course anything can happen, but I will strictly be watching individual names only for trades. QQQ - New ATH again today. Nothing special to note besides the fact that tech is obviously leading things this week DIA - Polar opposite of QQQ. Industrials getting slammed again this week as DIA puts in its 8th consecutive Daily lower low IWM - Green today but similar to DIA Overall market notes: Its clear that the market continues to see cyclical names move higher while more defensive and noncyclical names continue lower. In light of FOMC this week, it doesn't seem like any sectors are making too big of shifts besides financials finally seeing some buying again. Mainly just concerned with what SPY does this Wednesday as it seems like usual we are waiting for the news before making the next significant move. WATCHLIST: Bullish : NASDAQ:PLTR - Potential 3-2U daily with a potential 3-1-2U 4HR to trigger the day. FTFC green, but week is inside with lots of room to go for either side to go 2 Bearish : NYSE:UBER - Potential 2-1-2D Daily. Shooter inside day to put week 2D and confirm Q attempting to go 3 after hitting hammer revstrat upside magnitude earlier this Q NYSE:PFE - Potential 3-2D daily to put week 3-2D. Weekly reversal occurred at Q exhaustion, but failed 2 upside attempts now. "Fail one side, target the other" NYSE:PINS - Potential 3-2D Daily to confirm Weekly 3-2-2D in force with magnitude left Notable winners from weekly watchlist (posted Sunday 12/15): ETSY, RBLX, RKLB, OXY, WMT
AMEX:SPYShort
by Alanger17
Get Ready for a MASSIVE Week Ahead! Watch now! 🚨 Get Ready for a MASSIVE Week Ahead! 🚨 Don't miss out on preparing for the upcoming week and the year-end Santa Claus Rally! Make sure to watch this entire video to stay ahead of the game. 📊 In this video, we'll cover: -Major economic news and events -Market trends for NASDAQ:QQQ , AMEX:SPY , and AMEX:IWM -Latest updates on all current H5 Trades such as NYSE:HIMS NASDAQ:MBLY NYSE:SQ NASDAQ:MARA NYSE:FUBO & more! This video is JAM-PACKED with insights and valuable gems you don't want to miss! 💎 Buckle up and check it out now! 👇
NASDAQ:MARALong
by RonnieV29
58
Watchlist (12/16-12/20) Using TheStratSPY Analysis: Month is 2U but back under previous M high and close to flipping red. Last week was 2D but failed to get to magnitude and closed red, but above the reversal trigger at previous week lows. Daily was 2D on Friday, so the daily actionable signal would be a 2D-2U reversal if buyers were strong enough to make a higher high on the daily come Monday. To get us lower, we have a 3-1 4HR setup as well as a shooter 2U Hourly candle. Trigger and target levels can be seen on the chart. Overall, we have some confliction as the D and W are red while the M is still green. This shows an attempt to flip the month red and we must view it this way until we see a daily higher high. If that were to happen, then we look to see the week flip red and then possibly make a higher high on the week for the weekly reversal back to the upside, which would re confirm the month being 2U and green. Traditional TA traders will see a wedge or bull flag on the daily/4HR, but as Strat traders, we know this is just a lack of strength from either side as we continue seeing failed attempts to make HHs and LLs. Although unconventional, if you check the 3 Day TF through the 8 Day TF, you will see they are all currently inside bars in formation still. We also know that inside bars restart the process of making broadening formations, so now its just a waiting game. We see the current attempt is to make lower lows on the daily since we failed to take highs out after the daily reversal, so we now either take out lows, or fail and move back through previous range to the upside. With conflicting situations like this, you just have to rely on timeframe continuity. Until the M, W, D, and 60 are all the same color, simply fall back on top down analysis and timeframe continuity to see what's really going on regardless of how the charts may look Weekly Watchlist: Bullish: ETSY - 2-1 Week, Failed 2D Day. FTFC Green, so looking for BF expansion on the weekly CRWD - 2-1 Hammer Week. 4HR inside bar. Monthly 3-2-2 still slowly compounding 2Us to Mag RBLX - MoMO Hammer 2U week. 2-1 Daily to trigger week RKLB - 3-2D Hammer Week. Relatively large ATR and high rVol Bearish: MCD - 3-1 Week, Shooter 2U Day PINS - 3-2U failed Week, No Daily AS. Weekly Motherbar issues so caution here PDD 1-2U failed week (Revstrat). No Daily AS. Going for large weekly BF magnitude ROKU - Failed 2U Week. At Monthly exhaustion risk. Daily PMG and gap fill potential OXY - 2-1 Shooter Week. Not much range, but clean weekly AS and all big oil names deep red DDOG - 2-1 Week (Huge red week), Daily 1-3. 2 Daily gap fills, and some weekly lows to target LVS - 2-3 Week. At Q exhaustion. Will be FTFC Red before W triggers the 3-2D Neutral: WMT - 2-1 Week, Daily 3-2D failed. Daily AS could send it back into ATH. Alternatively there is an 11 pivot PMG to the downside + a small gap to fill
AMEX:SPY
by Alanger17
The Russell 2000 has just bottomed! Here's WhyAMEX:IWM CAPITALCOM:RTY AMEX:TNA 🤏🧢 Here I am, standing before you again, putting my name on the line and going against the GRAIN and telling you I believe we just bottomed on the AMEX:IWM The Russell 2000 is front-running this pullback and we are about to see a bounce next week and BIG push into year end! Here's WHY 👇 Before we take a look under the hood of the car lets talk about the weekly chart. Everything is still good: H5 Indicator is GREEN, Williams Consolidation Box is thriving, and we are on the volume shelf. Now lets take a look under the hood at the daily chart. 👇 Daily Chart Analysis: -Most important we are at the bottom of our Wr% Range and at the Green support bounce zone. As you can see every time we've been here over the last three months we've bounced for an average of 9%. -We broke down through our first level at $238 and are right at what I believe to be the final boss before we have our move higher. Why? Simple $234.66 is the previous ATH dated back to the end of 2021. So, I'm coming at you for the 100th time so it's engrained in your brain: A break of prior RESISTANCE needs a retest in order to FLIP it into SUPPORT. This is what I believe we are doing at this time at the second level of right under $235ish. -You may be asking yourself well how come we don't go down to the $228 level. Great question, it could happen but I don't believe it's a strong probability for the reasons laid out above and the fact that we've already flipped that area from resistance to support. Also, we would be caught up in a Anchored volume profile GAP that measures down to $220 and I don't believe we are at that level of a crash instead of a pullback...yet! -Speaking of Anchored Volume Profile Shelves we are currently holding on to this one even at the Level 2 support area. -As I always say we could Lit grab/ flash crash down to the weekly 9ema that sits right around $232 before we fake out to the down side and push back higher towards ATH into year end. In summary, I believe the AMEX:IWM has just bottomed and we’re poised for a bounce next week with a strong push into year-end. The Russell 2000 is leading this pullback, and both weekly and daily charts show positive indicators. With our H5 Indicator green and strong support levels holding, we’re ready to break higher. 🔜🎯$259 🎯$306 Not financial advice.
AMEX:IWMLong
by RonnieV29
9
UPDATE for the Markets and Active H5 TradesUPDATE for the Markets and Active H5 Trades 🎂 Today is my oldest sons second birthday. We already celebrated this morning, had birthday donuts and opened gifts. Got my market time in and now... I'm logging off for the day and going to be with him on his special day. Especially after the scary times we've been through with him the last two weeks. Family First ♥️ See you all tomorrow! Here's a last minute 🎁 from my son to you. Updates👇
COINBASE:ETHUSDLong
by RonnieV29
8
Russell 2000 Small Caps (IWM) Breakout cup and handle on RUTRussell 2000 Small Caps TVC:RUT and AMEX:IWM on the Cusp of a Breakout? The Russell 2000 small-cap index, tracked by the iShares Russell 2000 ETF (IWM), is forming a cup and handle pattern. This technical formation could be indicative of a significant breakout. Key Levels to Watch: Resistance: $230-$232 Support: $220-$222 A decisive close above $234 confirmed the breakout, potentially leading to further upside. Conversely, a failure to hold above $220 could negate the pattern. Keep a close eye on IWM as it navigates this critical juncture.
AMEX:IWMLong
by Paul_Hodls
#TheStrat Weekly/Monthly Setups For DecemberSPY - Closed previous D/W/M close to HOD after making new ATH, so the D/W/M all finished bright green. No evidence of sellers anywhere since every TF above the 60 is currently green. 60 closed slight green, but this can easily be justified as eod corrective activity since all 60 min candles before the last one of the day were green, and every TF above the 60 is green. Going into the new week and month, we can expect buying to continue until we see a lower low on the D, but the real sign of buyers vanishing / sellers gaining control for me will be a Lower Low on the weekly. Main Monthly Setups To Watch: Bullish : DKNG - 1-2-2 Q revstrat in force, 1-3 M, 2-1 W PM - Hammer 3-1 M BA - Counter Hammer Failed 2D M MRK - Hammer M at Downside Exhaustion Level Bearish: MU - Shooter 1-3 M, Failed 2U W ZIM - Rev Strat M at Upside Exhaustion Main Weekly Setups To Watch: Bullish: RTX - 3-1-1 W PLTR - MoMo Hammer W, Inside D GOOG - RevStrat Hammer D, Inside W Bearish: GAP - 3-1 at Exhaustion COIN - 2-1 W, Failed 2U D PINS - Shooter RevStrat Week, Shooter Inside D RDDT - Inside W (11 Consecutive Weekly HLs) SQ - Red Inside D/W at Q Exhaustion
AMEX:SPY
by Alanger17
2025 is the year of the SMALL CAPS! 26% Higher2025 is the year of the SMALL CAPS! 26% Higher Russell 2000 - AMEX:IWM AMEX:TNA 🤏🧢 2025 is the year of the SMALL CAPS! While some are saying the Small Caps run is over, I say we are going 26% HIGHER!!! You have to understand that the Russell has lagged the ENTIRE market over the last two plus years and they have a lot of catching up to do. You either get that through AMEX:IWM running up to the NASDAQ:QQQ , the Q's falling down to meet the Russell, or them meeting halfway. I believe we are going to get a decent size pullback on the Q's eventually but for right now I say the Russell runs FAST to catch the runner that is fading. The chart also tells us everything we need to know. - H5 Indicator is GREEN - Cup n Handle Breakout with a successful retest...You now what comes next! ☝️ - Wr% has it's consolidation box and is thriving. - Free roam on the ATH's space 🐔 🎯 $259 📏 $306 NFA
NYSE:CRMLong
by RonnieV29
Holiday Markets and All Markets Spot CheckLimited trading for the remainder of the week in the US with Thanksgiving We've notched a few all-time highs in the US markets but without any major surges. Low volume and light activity have been pretty apparent as the post election rips have settled down somewhat. US data still in line before FOMC on Dec 18. Current FED Watch Tool showing a 64% probability of the FED still cutting 25 bps before end of year. This will be an important message from the FED to the markets on how the FED plans to adjust monetary policy in 2025 (pause, hold, cut, hike). DXY and USD related crosses showing signs of nice movement (weaker dollar). Let's see if that is a stronger reversal pattern with follow through as many USD pairs are at strong support/resistance levels to show some reactions. I'm not aggressively positioning on anything currently. If the melt-up continues, it's pretty easy and steady gains. If we have any flinch or pullback before end of year, I'll have my hedges in profit to help offset drawdowns. The best path for me is management both ways and inexpensive protection to the downside. Thanks for watching!!!
by ChrisPulver
$QLYS – Looks Like a BuyNASDAQ:QLYS Looks to be under institutional accumulation. Look at those volume bars at earnings. According to the AVWAPs, there should not be much selling pressure from longer term holders trying to get out. I like the solid base of around 90 days before the big breakout. This is a low float stock so keep that in mind as bid / ask spreads can get larger than higher volume stocks. I have an alert just above Friday’s high and above the AVWAPs to look for an entry. I will go to a lower timeframe to find an entry and to set my stop. A stop below the most recent low is too wide for me. If I take the trade, I will update the idea. Thanks for looking. Comments always welcome.
NASDAQ:QLYSLong
by jaxdog
Market insights & Where we are heading on the $QQQ $SPY $IWM 📊 Market Insights & Future Trends: NASDAQ:QQQ AMEX:SPY AMEX:IWM In this must-watch video, we’re diving deep into: Market Direction: Projections for where the markets are heading this week into year-end. Potential Catalysts: Key events and factors that could cause significant market shifts. My Secret Tools & Strategies: An inside look at the methods I use to anticipate market moves. Ready to get ahead of the game? Let’s dive in and uncover the insights you need to stay informed and strategic! Like l Follow l Share for more content!
AMEX:IWMLong
by RonnieV29