U.S. Small Cap 3000 makes new ATH but U.S. Small Cap 2000 lagsU.S. Small Cap 3000 - TVC:RUA
✅A new ATH breaking above the Dec 2022 ATH
U.S. Small Cap 2000 - TVC:RUT
🚨Continues to demonstrate relative weakness
Light Blue by area on the chart 🔵
The U.S. small cap 3000 finally caught up with the other major indices such as the SP:SPX and NASDAQ:NDX as it previously has been demonstrating relative weakness failing to make new highs. That changed with the close of last week.
The U.S. Small Caps 3000 index is inclusive of the large cap 1000 Index. The 3000 index also uses market capitalization-weighted methodology. This means the larger 1000 companies have a greater impact on the indexes performance. This may explain why the 3000 index is out performing the 2000 small caps index by a wide margin. The Small caps 2000 is a better representation of the of small-cap stocks/businesses whose market capitalization is about $250 million to $2 billion
🧐 So the 1000 Large-Cap stocks direct the majority of the small cap 3000 index's performance. The heavy spearhead of the index is the 1000 large caps.
The S&P 500 Index tracks the largest 500 publicly traded companies, with exposure to 80% of U.S. stocks, compared to the U.S. Small Cap 3000’s 96% in U.S. Stocks
🧐 So the small caps 3000 index is a very concentrated index made up of primarily large U.S. stocks, even more concentrated by the S&P500
Divergence in Progress
On this chart you can see that in Dec 2022 the U.S. Small Cap 3000 index made a new high whilst the 2000 index made a lower high. This was a warning signal at the time that prices were about to roll over. This is not a guaranteed signal however it is something to watch out for and it appears to be in progress again at present. We can add it to our armory of risk indicators that can, when used in aggregate, help inform us of probable outcomes (not guaranteed outcomes). One would hope the Small Cap 2000 would base here or make a new high.
We can continue to watch these two indexes and see how they move together for an indication of things to come.
You can find this chart on TradingView and hit play to see how they are moving in lockstep.
PUKA
Smallcaps
IWM Channel BreakoutIWM is trying to break back out of the channel it's been in since April 2022. It broke out briefly in late December, but was rejected. This second breakout attempt looks promising, and usually leads to ATH after this much consolidation. Lots of earnings reports this week, but if the market holds up, small caps should have some room to run.
IWM: 4 Hour Bull Flag targeting Top of Ascending ChannelThe IWM(Russel 2000 ETF) is consolidating in what looks to be a Bull Flag and if it breaks out the target would take us to the top of the macro Ascending Channel which would take us to the resistance zone of $200-$210. If I had to guess I'd say IWM could likely make its way up to that level by the end of next week.
Small Cap Stocks Follow The LeaderSmall Cap Stocks AMEX:SPSM AMEX:IWM are ready to make some big moves.
Take a look at this chart AMEX:XLG Mega Cap and the AMEX:SPY The S&P 500 have both broke near term resistance an imply a move upwards.
AMEX:SPMD Mid Cap and AMEX:SPSM AMEX:IWM Small Cap stocks should follow.
Lead Lag.
IWM: A $240 Target in 2024. Here's Why It's Doable.Flip on financial TV and you will likely hear a plethora of sellside strategists and buyside portfolio managers voice optimism about small-cap US stocks. Consider that the iShares Russell 2000 ETF (IWM) was easily in negative territory on the year back in October. Fast forward just two months and the small-cap ETF is up close to 20% total return in 2023. The quick switch has come about amid the group’s fastest move from a 52-week low to a 52-week high in its history. IWM is now poised to print its third-best two-month rally since its inception more than 20 years ago.
Is there more room to run? I think so. A breakout above the $200 mark, particularly on a weekly, monthly, and yes, even a yearly closing basis, is significant. Recall that IWM found support in the low $160s on a few occasions in the last year and a half after printing an all-time high above $240 in November 2021. Sellers flexed their muscles three separate times in 2022 and 2023 at the $200 mark. This $40 zone appears to be breaking in the bulls’ favor. That suggests a measured move upside target to $240 – close to the all-time high on IWM.
I see some near-term resistance in the $210 to $215 area – the range lows from 2021. Indeed, there is likely a significant amount of ‘dead bodies’ lingering above $210 that may look to supply the market with shares in order to sell at the breakeven mark. Still, the technicals appear positive despite some near-term overbought readings on IWM. Another cautionary signal is that the January through mid-March stretch has featured some volatility at times for the broad market, so the pace of the advance will likely slow. I remain constructive on small caps looking into 2024, though.
Small caps hitting the wall vs. goldWhile the small caps have provided fuel for a bull run in stocks to close 2023, they look to be running on empty when priced in gold.
Since breaking down in late 2021, the Russell 2000 has previously tested the Ichimoku cloud 3 times, swiftly bouncing downward on each attempt. In tandem with price, momentum has been rejected by a resistance level of 60% on the RSI chart.
Both indicators now are recurring, with momentum flattening at horizontal resistance and a doji reversal candle forming at the top of the Ichimoku cloud. While the Russell may continue to run in nominal terms going into the new year, its real value looks to roll over and continue into a secular downtrend.
$IWM $145 before $400+?I know everyone is getting excited about IWM as it's rallied a lot over the last couple of months, but I think it'll face some pain in the coming weeks before it really starts to outperform.
I am of the mindset that everything has it's cycle and I do think that going into the next bull market, that QQQ and SPY will underperform relative to IWM.
That said, I think IWM will have a 25% correction before the bull market really begins. However after that happens, I think IWM will go to hit new highs and top around $400 sometime in 2025-2026.
Support = $145
Resistance = ~$400
IWN Russel Index ETF ShortIWN on the reliable daily chart has been trending down for two in a descending channel as
shown on the chart with upper and lower trendlines drawn with the tool. The Stochastic RSI
oscillates in the interval between oversold and over bought and presently is well
overbought at nearly 100. While the RSI may double top like it did in July, it is at least right now
at the first top. The zero lag MACD is confirmatory with a K/D line cross well above the
histogram. I will play this by buying a put option at a strike of $ 150 for October 24
If Biden tries to prompt up the market to gain a re- election and is successful, this will get
stopped out. If interest rates are not pulled back by the fed soon, small caps will continue to get crushed.
On the other hand when rates are pulled back, they will be nimble and recover quicker than
the large caps and it will get stopped out. I think the fed will pullback rates to help Biden
out, although the fed is not partisan ?
Oil prices in their downward trend lend support to a slow fall off in the inflation rate.
What goes for IWN also goes for DIA.
IWM: Small Caps Continue the Rally, Eyeing $198Small caps have sprung back to life. The iShares Russell 2000 ETF (IWM) fell nearly 20% from its July 31 recovery high to a multi-year low in October of $162, undercutting the June 2020 mark of $164. Today, the move back up to $186 might feel like too much, too fast, but I see things otherwise.
Notice in the chart that IWM actually went through a more than two-week stretch of trendless price action. Technicians like to see such periods of consolidation within uptrends as healthy signs of rest and recovery, often setting the stage for the next leg higher. That’s about what took place.
Printing above $186 this morning in the premarket, outperforming the S&P 500 and Nasdaq 100 futures which are in the red, the little guys of the market are once again spreading some pre-holiday cheer. The move comes under the radar, too, considering that the focus among traders is primarily on bitcoin and gold. I also find it encouraging that IWM is up despite a bout of selling pressure in the bond market today, pushing the 10-year Treasury yield up a few basis points.
I’ll be watching to see if IWM manages to retest the July highs at $198, up to the $202 area – a long-term resistance range dating back to Q3 2022.
#IWM US Small caps at Significant levelThe US Small cap equities index - IWM - Russel 2000, has approached a massive level of polarity. This 160 level is where the old resistance has turned into support previously. Monitor for reversal and continuation upwards. A break of this level however could really cause massive technical damage. The bulls have their work cut out for them this week
WTK/USDT Short-term PredictionThis is my prediction of how the chart will behave in the short-term during the current pump.
Wadzpay Token is a very undervalued cryptocurrency with an unbeatable team and community. I am extremely bullish on the long-term for this project. This is only a very short-term analysis designed for any swing traders here. My long-term prediction reaches prices of $0.08 - 0.09, $0.15, $0.25, $1 and beyond that is price discovery with almost infinite potential. Wadzpay has a really good chance of becoming the next big thing, even the next Top 20 project one day if it manages to succeed in its mission, its goals and its adoption in the Middle East, Asia and even in Europe now.
The chart is in an extremely bullish pattern right now, and it's showing all the signs of continuation in an upwards direction here. The safest play is to hodl this coin for at least a couple of months to see how high this move goes. I don't think it'll stop any time soon, apart from some retracements like the one to $0.034 that just happened this morning.
Curious to find out how accurate this <1 week drawing ends up being, whether it pumps faster than that, slower than that, or it retraces deeper, everything is possible and so this drawing must be taken with a grain of salt, as it's just an idea and an attempt at predicting an exact chart pattern from "previous experience". Not financial advice. Always use caution when entering any trade in crypto, we never know what could happen.
Good luck to all of the WTK community and any other traders.
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.
skm egg LONG 415 ZONE another stock with rising revenues and rising profits
stocks retraced quite a bit off all tiem highs and moving into ASM
Might be a while before stock really starts moving due to this factor , entering on fib retracements and support , can add at 395 , sl closing below 345 ill be gone
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.
ASTER DM HEALTHCARE LTD - Ascending Triangle Breakout📊 Script: ASTERDM (ASTER DM HEALTHCARE LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY SMALLCAP / NIFTY PHARMA
📊 Sector: Healthcare
📊 Industry: Healthcare Services - Hospital
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Volume is increasing along with price which is volume breakout.
📈 Script is giving breakout of Ascending Triangle.
📈 Current RSI is around 65.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 265.55
🟢 Target 🎯🏆 - 304
⚠️ Stoploss ☠️🚫 - 247
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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