IWM trade ideas
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.
Small Caps RunningIWM Russell 2000 is running. It had a nice pull back from December 2021 through December 2023 where the tide or sentiment has changed. It is testing new highs and has broken through into new higher highs from the S&R line at $230. There is much sentiment for it to gain higher gains and continue its bull run.
Opening (IRA): IWM Dec 20th 195 Covered Call... for a 193.79 debit.
Comments: Re-upping with a monied covered call in the December 20th expiry at a strike that is slightly higher than the one I just took off to "capture" the next little increment of up move that I missed out on. I'm not expecting much out of this (it has a 1.21 max), but didn't want to set up my tent in January yet either.
IWM set to outperform in 2025 with strong growth potentialThe iShares Russell 2000 ETF (IWM) provides exposure to small-cap stocks, which historically perform well during economic expansions, often outperforming large-cap indices like the S&P 500. With the potential for a lowering interest rate environment, IWM is positioned to outperform the S&P 500 in the coming year. Recently, it breached a key historical resistance around $235, signaling potential for further growth toward a target range of $300-$350 by 2025. Additionally, IWM is showing a unique bullish pattern that other major ETFs like SPY and QQQ are not currently offering, positioning it to build on its recent momentum and continue its upward trend.
However, while IWM may offer stronger returns in the short term, it has faced notable drawdowns in the past. Its small-cap focus makes it more vulnerable to economic slowdowns and rising interest rates, which could dampen its performance during periods of tight monetary policies. Despite these risks, the current economic conditions appear favorable for small-cap growth, enhancing IWM’s outlook.
$IWM: OUTLOOK AMEX:IWM : OUTLOOK
Looking for a break of the 1HR INSIDE CANDLE to take a LONG ENTRY. 📈
Targeting the GAP FILL!
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$IWM Trading Range for 11.16.24All right and I WM the implied move is between 239 and 246. On Fridays half-day 238 to 247. And in tomorrow’s trading range is the only levels in there. Are that up gap from today 35 EMA within that gap, which looks like a great place for support and then the new all-time highs which a line right with the top of the implied move so I have a feeling will be trading between that 35 EMA And all-time highs. Looks like a pretty straightforward trading day and options are calling for a pretty slow day with a lower average volatility.
IWM puts $235IWM on a big run big gap up and we got a high RSI paid perfectly with a bearish divergence i will be entering very confidently with a %7 sizing on December 6 $235 puts
$IWM Today's Trading Range 11.25.24IWM is trying so hard to make those new all-time highs. We’re not far away from those highs made three years ago and today’s gap up was definitely a push and attempt to do that. We are definitely overbought here. Keep an eye on the 35 EMA if it does cross up in the rain today, expect a pull back and if not , then maybe tomorrow will hit those all-time highs. At that point I think will be pretty exhausted with this run. I know I’ll be a seller at all time.
Entering a Bull Market for the Russell 2000From a weekly chart perspective, the Russell 2000 ETF is showing a rounded bottom formation. Coupled with Trump-era policies encouraging reshoring and boosting local consumption, this has been a positive catalyst for small-cap stocks.
While the S&P 500 remains strong, the Nasdaq, particularly tech stocks like semiconductors, has already experienced varying degrees of pullback.
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!
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what bou dis famyo, everyone making bank this year and the fed reports got this YN feeling unsure. the market been bussin and trump's about to start a fight with iran
$IWM Analysis, Key Levels & Targets - 229/228 bull puts hereAll right, we have the first candle down and we are halfway down the implied move and falling. We are oversold here in the next level of support is at 229 paired with that 30min 200MA so I’m thinking that is where we might settle for the day. 229 / 228 bull put spreads? My .25 order filled and I have orders at .45 and .5
$IWM - gap fill to $224IWM - ETF in the gap to the downside to $224.38. ETF has small support at $228.40. Looking for puts below $231 for a move towards $228 and $224. ETF is still strong on indicators.
Triple Bottom Pattern Tutorial: 5/8 Bullish Chart PatternsTriple Bottom Pattern Tutorial: 5/8 Bullish Chart Patterns
A bullish triple bottom is a reversal chart pattern that signals the potential end of a downtrend and the start of an upward trend. Here's a breakdown:
Three Lows: The pattern is characterized by three distinct lows that are roughly equal in price. These lows form after a significant downtrend, indicating strong support at that level.
Rallies Between Lows: Each low is separated by two intermediate rallies that create peaks. These peaks form the resistance level known as the neckline.
Neckline: The horizontal line connecting the highs of the intermediate rallies is called the neckline. This is a crucial resistance level that the price must break through to confirm the pattern.
Breakout: A breakout above the neckline, typically accompanied by increased trading volume, confirms the triple bottom pattern. This breakout signifies a shift in market sentiment from bearish to bullish.
Price Target: The expected price target is often calculated by measuring the distance from the pattern's lowest low to the neckline and projecting that distance upwards from the breakout point.
Traders view the triple bottom as a strong indication that the selling pressure has been exhausted and that buyers are starting to gain control, suggesting a potential upward price movement.
Russell 2000 $IWM Trending UP versus Nasdaq $QQQ Here is a ratio chart of the Russell 2000 Index etf called AMEX:IWM and the Nasdaq Composite Index etf called $QQQ.
The NASDAQ:QQQ returns over the past 7+ years have been extraordinary while the AMEX:IWM has been stagnant at best and hasn't beaten inflation.
That ratio of performance has just turned in a way that suggests the AMEX:IWM will outperform the NASDAQ:QQQ for the next 11 weeks to the tune of 10%.
The ratio has already moved up last week by 4% of the 10%, so there is only another 6% to go for this signal. If there are any pullbacks of 1%-2%, those would be lower risk entries as the distance to the "stop" level at 0.45 vs 0.4704 last would be less. The target is 0.51 vs 0.4704 last.
So follow this ratio for the next 10 weeks and see if even more relative outperformance happens.
Over the next few years, it is possible for AMEX:IWM to do 50% better than $QQQ.
We would need lower oil prices and lower interest rates and some rational pricing in the big tech names that are over $10 trillion dollars now for 3 companies: NASDAQ:NVDA , NASDAQ:MSFT and $AAPL.
$IWM ANALYSIS, KEY LEVELS & TARGETS for Day Traders for 11.11.24All right, so I WM is holding at the top of the implied move right now and above the election gap from last week, clearly. We’re at the top of the implied move here so I’m thinking we’re at the high of the day and that 35 EMA is down there in the Read looking like a really good target. Sorry that there was no video last night. I will definitely get one out tonight and good luck guys.
Also know that we are just underneath all-time highs which is around 244.5 (a few pennies under that) in my opinion I think we see that as resistance and that is due to the idea of tariffs and things getting more expensive in the near future. Small caps will be hit the hardest by tariffs and I think this is gonna be a double top for a IWM. One day at a time for sure, and that is just my opinion, but just know that all-time highs are near and just outside of the implied move for the next two days
Opening (IRA): IWM Nov 15th 194 Covered Call... for a 192.28 debit.
Comments: Re-upping with a monied covered call in November with a strike that is slightly higher than what I previously had on at the 193. (See Post Below). Just looking to get a little more out of the November cycle before moving onto December without taking on a ton of additional risk ... .
Metrics:
Buying Power Effect/Break Even: 192.28
Max Profit: 1.72
ROC at Max: .89%
50% Max: .81
ROC at 50% Max: .45%
IWM: Cup, Handle, and a Bullish GambleAMEX:IWM
Original Chart :
Been eyeing IWM lately, and honestly, this setup has the kind of potential that could get even the most cynical trader to sit up and pay attention. We’re looking at the *beginning* of a cup-and-handle-esque pattern so pristine it belongs in a TA textbook—classic accumulation followed by consolidation, like the bulls are quietly gearing up for something big. But here’s where it gets even more interesting: with the recent US election in the rearview and a lineup of Fibonacci extensions and moving averages all pointing in the same direction, this setup is practically begging for a breakout. Let’s dive into the details.
Fibonacci Extensions and Price Targets
Let’s talk targets. I’m looking at $315 and $365 based on Fibonacci extensions, and yes, that $365 target might sound ambitious, but hear me out. Fibs are like the star charts for traders—rooted in math, mystical enough for Twitter hype, and strangely accurate. $315 is the conservative target, sitting right around the 100% extension, where we might see price take a breather. But the real spotlight is on $365, the 200% extension level, which could be where we end up if this breakout goes full send. If Fibonacci levels have taught us anything, it’s that the universe loves a good price projection.
Moving Averages and the Golden Cross
Then there’s the 50-day and 200-day moving average crossover—the infamous “golden cross,” which might sound like something out of an Indiana Jones movie, but actually just signals bullish momentum. We’ve got price hanging above both moving averages, a classic recipe for sustained upward trends. Historically, this setup has a decent track record of making bulls look smart, and right now, it’s flashing green like a big, neon sign saying, “This way to higher prices.”
Volume Profile and Key Levels between $200-$240
The Volume Profile is where things get interesting. That $200-$240 range is showing a massive amount of trading activity, acting like a gravity well for price. If IWM revisits this range and bounces around $235, that’s our green light for lift-off. This is the make-or-break level—the battleground where bulls and bears duke it out. Here’s the nuance: if price *rejects* $235 and consolidates, that’s what would actually form the handle of this cup-and-handle setup, setting the stage for a later breakout. If $235 holds, we’re looking at a more direct path upwards. If not, well… it might be time to rethink the moonshot narrative.
Mapping Out the Bullish Scenarios
So, we’re left with two paths. Path one is the steady grind up to our targets, where IWM just slowly marches its way to $315 and then potentially $365, no drama, just smooth sailing. Path two is the extended consolidation phase in the $200-$240 range through most of 2025, creating that classic “handle” structure. Think of it as the market getting in some much-needed cardio before the sprint. By end-Q1 2025, we should know which scenario is unfolding based on whether we hold above that $235 line.
Curious to see if anyone else is seeing the same potential here. The combination of a cup-and-handle formation in the works, Fib extensions, and moving averages feels like a recipe for something substantial, but I’m always down to hear different perspectives. Are you all vibing with the $365 target, or is that too much hopium?
$IWM $RTY : Small Caps Ready to Explode! 💥 Small Caps Ready to Explode! 💥
We will be at ATH's this week: AMEX:IWM AMEX:TNA CAPITALCOM:RTY
While everyone is buzzing about NASDAQ:TSLA CRYPTOCAP:BTC and how they will continue to skyrocket if election results stick and continue to favor Trump, no one’s talking about SMALL CAPS! Remember, during his last term, small caps had an impressive run. Let’s dive into the technicals in my latest video.
In this video, we cover:
1️⃣ Technical Analysis: We’ll analyze charts and multiple indicators, all pointing to AMEX:IWM heading HIGHER. 📈
2️⃣ Patterns: A massive multi-year cup and handle pattern with an ascending triangle breakout is in play.
Drop a comment below if you learned something new or want to explore any topics further.
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CAPITALCOM:RTY AMEX:IWM AMEX:TNA
NFA
iShares Russell 2000 ETF (IWM)Calls above 219.78
Puts below 218.35
A wedge pattern can signal either bullish or bearish price reversals.
The trend lines drawn above and below the price chart pattern can converge to help a trader or analyst anticipate a breakout reversal from either side. This strategy is based on price action and the volume of a candle upon breakout.
Russell 2000 Cup breakout can call for wonders Russell 2K index is showing good turnaround with a rounding bottom. This may lead to new highs over next few months
