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IWM trade ideas

IWM: Week of Jan 8thPer request, here is IWM. My immediate TP for IWM is a move to 189, which is PL2 on the month. There is where I would look to get long: ARIMA has IWM as down-trending into next week and I concur with this assessment. 189 is also within the low range forecasted for next week. IWM has a similar setup to SPY on the weekly via Heikin Ashi: But we do have some bullish upside on the horizon judging by the daily: Again, timelines are wishy washy with all of this, its a matter of waiting for whichever setup comes first. As of now, imo, the setup is short to 189 and then, provided this level holds, a long for a bounce. We will see how it plays out next week, we do have that GT on the month as with SPY. I am curious how this is all going to unfold. Those are my thoughts on IWM! If you have any ticker you are interested in and want me to cover for next week, leave a comment and I will make a point of going over it! Thanks all, Safe trades :-)
AMEX:IWM
by Steversteves
12
IWM - Russell 2000 - SHORT (Wyckoff Re-Distribution)IWM looks to be reaching the UTAD stage of a Wyckoff Re-distribution schematic. Lowering volume in the lead up to UTAD provides confluence to the idea. Expecting price to return to linear regression trend line around 120. Price could extend further, but I expect we are nearing the top of this rally and a sharp correction in 2024. Take profit level of 120 coincides with a fibo extension of 1.618, so further confluence there. Markets are overinflated and this move would revert price back to the long term mean.
AMEX:IWMShort
by BullBearBlair
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.
AMEX:IWMLong
by mikezaccardi
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.
AMEX:IWMShort
by BarryStocks
IWM TARGET 213./214 .618 WAVE B TOP The chart is the IWM back in late oct I talked about a target at 161.8 and how it must hold as well as the IYT having to hold 209.6 . We held both So are we in the start of a NEW BULL MARKET . I will say No until we break above 216 I see the pattern like that of 1987 in which we had a large abc rally in the dow and sp 500 in fact the wave A up peaked at 50 % and then we dropped to a minor new low and then saw a 5 wave rally in which EVERYONE SAID ALL CLEAR and it peaked at .618 from there we saw the CRASH . I will maintain The market peaked in dec 2021 What would change my view simple break above the fib relationship in 5 waves and then pullback into march in an A B C decline . Lower interest rates Is NOT good for the market it is a sight of under lying weakest see chart of fed pivot
AMEX:IWM
by wavetimer
1
$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
AMEX:IWM
by benjihyam
"A Pure Technical Play" Mean Reversion On The Russell 2000In this idea video I go over a very simple mean reversion technical play using very simple tools such as RSI and support and resistance to identify levels that have high probability of a mean reversion. Here we see a potential trade set up where the Russell 2000 is entering a strong resistance trendline where it has been respected multiple times and based off of the previous information we have we can assume there will be resistance at this level giving the opportunity to place short positions along that zone and place a stop loss above that zone if it does continue to break out higher. Hope you enjoyed and stay tuned for more!! CME_MINI:RTY1! CME_MINI:M2K1! AMEX:IWM
AMEX:IWMShort
by FlippaTheShippa
2
IWM Range ResistancePrice Action Recap: IWM has been ranging between 162.68 and 202.01 since April 2021. That's over 2 year of sideways price movement. The question now is, could small caps finally break above this range with the FED looking to begin cutting rates mid to late 2024? Currently, IWM has gapped up right into the major range resistance and is showing yet another rejection at this range's highs. Today's candle is also creating a possible liquidity sweep of these highs. With that being said, price still remains in an uptrend. I personally believe IWM breaks above this level, but first I am looking for price to fill the gap below to 193.64 then make a nice retracement down to support at 188.09 - 189.24 then bounce from there in confluence with holding the long term uptrend support that price is currently holding above. If price somehow breaks below this level while also break below the long term uptrend support, that could signal a full on reversal that could possibly lead to price making a move back to the lows of the range. Current Confluences for short signals: - RSI & MACD massively Overbought (Waiting for a bearish divergence to confirm pullback) - Supply Signal on the Jeanius Indicator (Only One Signal. Waiting for a Confluence sell signal) -Decreasing Volume - (Waiting for MACD to begin curling to the downside)
AMEX:IWM
by Stockstradamus_
Opening (IRA): IWM April 19th 165 Short Put... for a 2.10 credit. Comments: Starting to erect rungs in the second quarter (April, May, June). QQQ doesn't have an April yet, and I already have a SPY rung on out in that contract, so just doing the small caps here. Targeting the <16 delta strike paying around 1% of the strike price in credit. I'll naturally look to add in shorter duration should we get a bump in IV, but may have to dabble outside the broad market (IWM, QQQ, SPY) box to get paid something decent in shorter duration.
AMEX:IWMLong
by NaughtyPines
Russel 2000 direction for 2024 in few days!Russell 2000 has reached a critical juncture, with the IWM (iShares Russell 2000 ETF) at a crossroads for an extended period. There are two distinct possibilities, and one of them may materialize soon. From a bullish perspective, Russell 2000 is forming a prolonged pattern, potentially breaking into a powerful bullish formation known as a high base. A crucial aspect is its consolidation below the BigRed, or the 200-day Moving Average (MA), and a resistance zone that persisted throughout 2023 and part of 2022. If it successfully breaches these three resistance levels, there's a strong likelihood that Russell 2000 will experience a rapid ascent towards the falling upper trend line, approximately around 190, represented by the blue dotted line. Breaking through this resistance could signal the start of an extended bull market for small caps. On the flip side, if it fails to break through and the resistance proves formidable, the consequences could be dire for IWM and the broader market, with the possibility of no Santa rally or any significant upward movement in 2024. Analyzing the volume, the lower trading activity during the high base formation suggests a lack of sellers, supporting a bullish outlook. Additionally, neither the Relative Strength Index (RSI) nor the Moving Average Convergence Divergence (MACD) indicators are signaling overbought conditions, leaving ample room for a potential bullish run. In conclusion, given that 30% of Russell 2000 comprises small regional banks, which often drive this ETF, the upcoming PCE data could be a make-or-break situation. Exercise caution when trading small caps, as movements can be swift and in either direction.
AMEX:IWM
by Consistent_Trades