WHAT'S FLOWING; ETFS EDITIONUR (Upper Left): Strong upward momentum with a long position signal, indicating a potential breakout above resistance.
IJR, IWN (Top Row): Both charts show upward movement above key levels, suggesting bullish sentiment. Each appears to be breaking out from consolidation zones, with recent price action pushing above the VAH and Ichimoku support.
DGRO (Top Right): A mixed sentiment, with a pullback toward Ichimoku support and volume-based resistance, indicating potential consolidation or a cautious buy signal at lower levels.
RSP, SPLV (Bottom Left): Positive momentum with price moving into higher bands, indicating upward trends. SPLV shows strong support around the Ichimoku cloud, suggesting resilience and a bullish sentiment
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IUSV, SCHV (Bottom Row): Both charts display strong bullish momentum with prices moving above resistance zones, supported by volume and Ichimoku cloud patterns, suggesting a potential rally continuation.
IJR trade ideas
IJR as of 06/25/21 @ 1240 ESTSmall cap has seen a lot of influx, after the rotation from large cap and tech, after vaccines show positive reflections on the economy reopening, and continued low interest rates. These all support small cap companies, especially illiquid companies that will benefit from injections of capital via low interest rates. When the Fed signaled an earlier tapering of bond purchases and an earlier hawkish monetary policy, small caps took a hit, which has since seen a reversal.
The next event is the Fed signals for interest rate moves for the Fed meeting in July and the Jackson Hole Symposium. Also to watch is the reopening of the economy, end of the lockdown, and if people return to work, as well as ongoing stimulus.
Right now, prices appear to be channeling, and can go either way. I'm going to wait for the next dip, and then allocate into small caps.
Given that interest rates will remain zero until 2023, and low, for the next three years, small caps will be a great investment. So I will wait for the next dip.
IJR - 10.60 Potential Profit - Swing Trading SetupGood risk / reward ratio on this trade.
Breakout past a 2 month-correction. Good momentum.
- Target Entry: $112.90
- Target Stop Loss: $112.18
- Target Exit: $125.00
- Risk / Reward Ratio: 16.81
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
- When I see that the market is opening too high/low, I wait for 30 min from the opening bell before placing my order. This is to avoid that initial spikes / drops get me into a position and get me out right after.
Small-Caps May Be Set For Pull BackThe iShares S&P Small-Cap ETF has been in a bearish wedge pattern on its daily chart since early October. The price is once again testing the resistance line. The price is near an overbought condition while generating a bearish divergence on the RSI indicator.
I am targeting the support line of this wedge pattern first. If the price is able to break down through that support line then I will look at the $80.30 price level noted on the chart.
IJR - 2% to reach target at 92I am not long this ETF and not suggesting or trying to convince anyone to start a long position with this idea. If the chart analysis works we are not far away from 92 in IJR (S&P Smallcap 600 Index Ishares). As IJR has a high correlation with SPY - maybe a correction is under way. At the time of my chart analysis IJR was trading at 90.04.