IWM short 228.00 Daily stoch heading down lower highs under 50 day ma and 100 day ma Nice selling vol. Holding 200 day so far will see Weekly heading south Staying short 208 coming. Shortby john12Published 2
$IWM ..consolidating still still consolidating..it has allowed 200 SMA to catchup to the price .. looking healthy .. could have a legit shot at breaking above the critical level . it lost in the Feb-March rout !Longby TonyStonkPublished 1
IWM is ready guys small cap is moving up next month, and it’s already breaking the trend-line with H-S bounce!Longby OudahSalehPublished 5
IWM is heating !October is likely to give us sweet action but November is our first month of rally!Longby OudahSalehPublished 4
$IWM - our next ATH leaderGuys - this thing is going to absolutely shred on the next leg up. All dips here are a buy (with time because market flushes will make this drag out). What I am seeing is a nested WXY move looking for our wave 2 bottom, and then rippy mode will be engaged. Dont be late to this parade is my recommendation. Enter on any dip and just hedge appropriately incase a rug pull occurs if we somehow default (which I highly highly doubt will happen). Expect some strength here again this week on a 3 swing, but then we should see the rejection again sub 230. From there we will get a nice ABC ride down to find our wave 2 bottom. BUY THAT DIP IF WE SEE IT!!! Side note: in case wave 2 bottom is already in - a break above 230 and all hands on deck because I think 235 then 240 are coming fast!Longby btwice53190Published 113
Opening (IRA): IWM November 12th 197 Short Put... for a 2.13 credit. Comments: My Friday 16-delta short put in the broad market exchange-traded fund with the highest implied volatility.by NaughtyPinesPublished 2
Long IWM Bull FlagBrief for IWM: - Bull flag to give a try. - Rotation out of tech and into cyclicals, tailwinds due to rising yields. It should benefit Russell. - Potential EOY rally due to seasonality, September seasonality may be behind us. GLHF - DPTLongby UnknownUnicorn1043646Updated 443
Russell In For Some HassallThis Weekly Chart Looks Like A Huge Distribution pattern that's about to show its downside hand. Smart money has passed off its positions and the hunt for liquidity took weeks and weeks. Shortby richardhurfordPublished 0
$IWM bearsI wasn't even going to post this because there is a ton of IWM bear porn out there, but my count is different so why not. What I am seeing is that even with my bear count, we will get rejected but that 214 area low will hold, and then we will go rippy mode to ATH's. If my count is correct expect this to happen quickly, likely next couple weeks, and then we will bottom week of OpEx in Oct. Then all hands on deck because we will be seeing 240+by btwice53190Published 3
$IWM - bull count & index ramble in descriptionYesterday made me start to favor the bull count across the indexes, WHY? because yesterday was looking like it should have been the flush and there was no follow through. It appears we are going right back into melt up mode then we will front run a flush again for OpEx. That Opex flush is going to be wave 2 across all of the indexes, not produce a new bottom, but it will likely be violent. Either way I will stay hedged with time on contracts to catch the next melt down whether it is next week or the week before OpEx. Either way there is my index ramble. I see IWM as bullish. I think we will fine a wave 1 top soon (could possibly even get into 230s) then violent flush for a 2, but must hold 214 low to be valid. From there ATH's here we come!Longby btwice53190Published 2
Opening (Small Account): IWM November 19th 198/204/2 x 246/249... "Double Double" Iron Condor for a 1.08 credit. Comments: If IWM is going to give me rangebound, I'm going to play it rangebound. Here, a "double double" iron condor to accommodate call side skew. To do this, I went 6 wide on the put side, but 3 wide on the call side with the short call legs at around 1/2 the delta of the short put leg, but double the number of contracts. (Double the number of contracts on the call side, double the width of the call side spread on the put side; hence, "Double Double."). This results in a delta neutral setup with spreads on both the put and call side that are fairly equidistant from where price is current trading and wide of the range IWM has been hanging out for the past several eons. Additionally, you're not tying up additional buying power by doing things this way, since a 2 x 3 ties up the same buying power as a 1 x 6. 22.0% ROC as a functional of buying power effect at max; 11.0% at 50% max.by NaughtyPinesPublished 114
Opening (IRA): IWM November 5th 203 Short Put... for a 1.93 credit. Comments: My weekly, broad market 16 delta short put in the exchange-traded fund with the highest 30-day in the contract nearest 45 days until expiry. Generally, look to take profit or roll out at 50% max.by NaughtyPinesPublished 1
IWM short 228.00 Same as SPY short covering. Look vol more selling than buying. Snap back made 5% 217.19 took some off still short few shares. Lower highs Weekly rolling over.Shortby john12Published 3
IWM short @ 224.50Look daily stoch heading up so it can rally up some look all the selling to buying more selling, and below the 100 day ma Look weekly heading south look downtrendShortby john12Updated 1
$IWM - backfilled gap downIWM has reached and filled the gap down from Monday. Still within this range since beginning of the year. It looks like it could easily continue higher but SPY and QQQ have not filled their gaps. Would be nice to see the IWM break out from here. We are entering small cap season. GLL!!!by UnknownUnicorn16739272Published 0
22-9-21 Bull TrapIm not bullish on the overall market and think this is the bulltrap. Lots of resistance here. Shortby IsseyUpdated 1
$IWM - Gap fillIWM backfilled that gap from several days ago. I would love to see her touch the support line again. That was a fun couple weeks last time. by UnknownUnicorn16739272Published 0
9/20 IWMstill watch blue and pink lines (~210, 220) I think small cap would have a better move among all index ETFs after the incoming dip and correctionby Tom_the_MoonPublished 0
20-9-2021 Shake OutI dont think it will go a lot higher than the current ATH but I surely dont think it will break this support. Sellers got shaken out plenty of times now. Longby IsseyPublished 1
$IWM - Bear countNot much changed here since the last bear count I posted. On this count we will break the uptrend and go down towards approx 200 before we find out wave IV bottom. Note: For all you bulls out there this is the reason why I talked about the importance of hedge. If uptrend breaks we could see 205 or lower quicklyShortby btwice53190Published 1
$IWM - Small cap time to shineSuper bull count here, and honestly this one IMO is what will occur. For this count our wave IV bottom was already set back in July. Since then we have already put in a primary 1 and primary 2, and now we have put in an intermediate wave 1 and are looking for our wave 2 bottom. Now it is possible that wave 2 bottom already is in as we have had a ~61% retracement, BUT the rest of the market is in dump mode so this one likely goes lower as well. Ok, so what am I seeing? I think we have already put in 3 waves down and bottomed for our W, I think we will get a rally this week early (as the indexes relief rally takes place) and IWM should go back up to 225-227 range, and then it will flush when the SP and nasdaq do. We should be looking for IWM to find bottom around 215 for our wave Y which is wave 2 bottom, right on that uptrend line. From there we will be in a wave 3 of 3, and IWM will lead during the next leg higher. I think IWM will see 250+ by December. Best way to trade this: BTD and with options you want time incase the market is unfavorable for the next month or so. Also, would be smart to have hedge in case a bear count is actually in place and IWM wants to go down to ~200 to find the true wave IV bottom Longby btwice53190Published 2
$IWM running triangle count - still valid but not favoredThis count is still valid and if the indexes rally this week we could see it. IWM is currently sitting right above the 50 & 200 day MA as well as the last pivot AVWAP. If those hold as support then IWM will look to test the upper trendline ~230-232. If this does occur I think that IWM could get rejected at those levels and then be sent down to retest the lower trendline - putting in wave E which is wave IV bottom. From there IWM will go to ATH's on the next leg up. Although this count is still valid I do not think it is the most likely scenario given current market conditions. Look for a couple more IWM postings (they likely will be posted as private but accessible from my twitter feed)by btwice53190Published 0
IWM: H&S ... Small caps and Memes 5% drop 2hr chart! FIBONACCI numbers are from daily. Similar setup as the spy and QQQ Stop loss at 224 Shortby ContraryTraderPublished 2