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Iwm_spy

Russell/SPX Divergence Indicating a Market Cycle TopThe stock market continues to make new highs and is finishing the final touches in this topping process. The problem is the Russell is failing to make new highs. We can see before every stock market crash was accompanied with the SPX/NDX/DJI making new highs while the Russell makes a lower high. This occurred during 2008, 2022, and it could be happening right as we speak. The Russell failing to make new highs suggest that the topping process is underway and we will be getting a powerful stock market crash.
AMEX:IWM
by justaturboman44
1
IWM Q3 rotation. If you pay attention to quarterly rotations - the timing of their occurrence, the breadth of selling and the actual rotation direction, read further. Quarterly rotations don’t always take place on the same time each quarter. Sometimes they strike early or late. This causes difficulty in determining when to take a position, which is why we build positions over time, not overnight. With the big government spend bill, there is fundamental support for a rise in price over the next several weeks. Another trillion freshly minted dollars will achieve its goal of sending the dollar lower with the 10 yr in tow. I first predict a new high and potentially into breakout territory over the next several weeks. But as we approach Q3, be wary of the imminent rotation. As during previous rotations this year, the price finds itself on the edge of several different support lines. And that is precisely what I see by late august or early September. The rotation kicks off selling and the break out will pullback to find and confirm long term support. The thick red line is from September 2020. Where this line and the 0.618 level meet is where I suspect price will find itself.
AMEX:IWM
by Harry_Hood
2
$IWM This bear trap is a Bear Flag on the weeklyBear flag on the weekly. Rising wedge/pendant is currently on the 68% fib trend based time zone indicating a historically common place to continue the downward trend. This should put it in the targeted area in 3 weeks. I've traced possible bars for weekly options. It will likely be violent so plan to trade actively. Additionally, I posted a hourly chart indicating the wedge has been compressing faster and upward. I believe this also indicates sellers attempting to bull trap as much as possible before the bottom falls out again. This is indicated by extremely low volume this week and huge selloffs into close. The DIX peaked as major players are repositioning and the GEX has peaked and started to head down again. squeezemetrics.com I believe uncertainty regarding NK's Kim potential death re:Chinese doctors headed to NK and the infamous "double candle" tweets from insiders in China point to a serious situation and uncertainty there. I believe this will be the catalyst. That one thing we need to push IWM towards another serious leg down. Increases in testing over this weekend are going to dramatically increase the number of active cases in the USA. Today was a new record high. I've been modeling the Coronavirus since the end of February and I believe that the latest revision adding 10k more deaths to the IMHE model estimate is still undercounting the severity and the increased spread over the last few weeks. I believe we will see it revised upwards again by 20-40k this week. Good luck.
AMEX:IWMShort
by chisleu
2
$IWM - How GILD may have saved the market (for now)Those who follow me know I have been bearish (and still am in the long term) since January. However looking at the IWM which has been a very good leading indicator of the market overall, the Gild news could have breathed a new lease of life to the market. Looking at the actions a few days before the GILD news we can see that the IWM was rejected twice and closed below the resistance line. In addition there was a bearish RSI divergence prior to the news. As a result, I think we could be headed higher now if we are able to break above the resistance line after bouncing off support. (If we are unable to break that resistance and fall below the current support then it could be game on for the shorts) Also looking at the RSI in general, for now we are still following the trend line and still haven't gotten back to the 50% line, this may mean the rest of the market may be heading higher with minor pull backs. With everything happening in the world one would expect that the stock market should be crashing but The Fed has been injecting so much liquidity into the market. We have to take the stock market one day at a time and deal with what it gives us. Also there is too much negativity in the market right now and it shouldn't take much for the FED to get the market to move higher if and when it starts to buy ETFs since that could cause a short squeeze and take markets to higher highs. Please do your DD before investing as this is just my opinion.
AMEX:IWM
by UnknownUnicorn3272672
GROWTH vs VALUE“The big talking point in US equities circles of the past week has been the extreme mega-cap outperformance over small-cap”, he says, noting that Nomura’s US equities “size” factor market-neutral strategy has suffered the biggest four-day rout in the past 10 years. ... The explanation is simple. “Investors are in the liquidity and ‘safety’ of the mega-caps right now, on top of the obvious cyclicality and balance sheet dynamics of US small-cap equities as their negative feature, with those companies being the most negatively exposed to the downside of the coronavirus recession from a cash flow- / access to funding- perspective” -- Nomura’s McElligott I made a chart showing historical levels of Growth/value ratio. Higher the ratio, bigger the tech bubble
NASDAQ:QQQ
by UnknownUnicorn3827973
2
Daily IWM forecast timing analysis by Supply-Demand strength21-Jun Stock investing strategies Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk Supply-Demand(S&D) strength Trend Analysis: In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations. Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend. View a Forecast Candlestick Chart Analysis of 10 days in the future: www.pretiming.com (You can easily create a trading plan.) D+1 Candlestick Color forecast: RED Candlestick %D+1 Range forecast: 0.0% (HIGH) ~ -0.4% (LOW), -0.2% (CLOSE) %AVG in case of rising: 1.0% (HIGH) ~ -0.3% (LOW), 0.7% (CLOSE) %AVG in case of falling: 0.3% (HIGH) ~ -1.0% (LOW), -0.5% (CLOSE) Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
AMEX:IWM
by pretiming
IWM rising sectionwww.pretiming.com Stock investing strategies Investing position about Supply-Demand(S&D) strength: Strong buy as Rising section of high profit & low risk Supply-Demand(S&D) strength linkage Trend Analysis: In the midst of an adjustment trend of downward direction box pattern stock price flow marked by limited rises and downward fluctuations. Today's Supply-Demand(S&D) strength Flow: Supply-Demand strength has changed from a strong buying flow to a suddenly strengthening selling flow. D+1 Candlestick Color forecast: RED Candlestick %D+1 Range forecast: 0.1% (HIGH) ~ -0.8% (LOW), -0.3%(CLOSE) %AVG in case of rising: 1.0% (HIGH) ~ -0.3% (LOW), 0.8% (CLOSE) %AVG in case of falling: 0.3% (HIGH) ~ -1.0% (LOW), -0.5%(CLOSE) Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
AMEX:IWMShort
by pretiming