IWM likely to break resistance and continue upwardIWM is likely to break through key resistance around 220, continuing its upward momentum toward 300 and 330. The stock seems to have formed a local bottom near 215, and as long as this level holds, the long-term upward trend is expected to persist.Longby Quantific-Solutions0
IwmNovember is coming! Small caps usually outperforms every other index during that time So here's what I see Channel perspective Has been bumping it's head against this trendline With the exception of one fake out , this trendline has held Fibonacci level 225 is the place to beat.. I think price could be forming an ascending triangle for a big push after elections but price may breakout before November Just go back and look at Iwm performance during November.. I'm only wrong if we hard close back below 218 Longby ContraryTrader227
A classic Bullish FlagFlag patterns have five main characteristics: The preceding trend The consolidation channel The volume pattern A breakout A confirmation where the price moves in the same direction as the breakout. While the S&P 500, Nasdaq, and Dow Jones closed at the highest levels, small caps must move at least 5% to make a new all-time high since 2021..! Longby Moshkelgosha11
IWM at Crossroads: Russell 2000 ETF Challenges Key Resistance 1. Overall Trend: The chart shows a generally sideways to slightly bullish movement over the past several months. 2. Resistance Level: The dashed yellow line at approximately $224.75 represents a significant resistance level. The price has tested this level multiple times since July without breaking through convincingly. 3. Linear Regression Channel: The colored area (blue) represents a linear regression channel. This suggests: - The overall trend is slightly upward - Price is currently near the upper boundary of the channel, indicating potential overbought conditions 4. Recent Price Action: - The price has been consolidating in a tighter range near the resistance level over the past few weeks - The most recent candles show bullish momentum, with the price closing near the highs 5. Potential Breakout: The price is currently challenging the resistance level again. A decisive break above $224.75 could signal a bullish breakout and potential for further upside. 6. Support Levels: The bottom of the regression channel provides dynamic support, currently around $217-$218. 7. Seasonal Considerations: October-December is often a strong period for small caps, which could support a bullish case. Insight: - The repeated tests of resistance without significant selloffs suggest underlying strength - The tightening consolidation near resistance often precedes a significant move - Traders might consider bullish positions on a confirmed breakout above $224.75, with stops below the channel support - Alternatively, a failure to break resistance could lead to a move back toward the channel's lower boundary Longby SinghStrategist0
IWM BREAKOUTIWM heading to $224, basically a certainty. aiming for options exp around nov 4 monday open, will sell majority there and rise the rest as a bonus. NOT FINANCIAL ADVISE.Longby SPYDERMARKET0
Market Update - 10/13/2024With Friday's close the situation looks quite positive. Especially the breakout on $MDY. Some solid setups, still mainly on healthcare stocks. Follow throughs have not been the strongest in the last few weeks so I haven't made any progress in terms of gains. Would be nice to finally catch a nice big winner. Only 13% invested but looking to scale up in the coming weeks if we see breakouts with follow through. 29:46by BenedekBokor0
Opening (IRA): IWM October 18th 199 Monied Covered Call... for a 196.80 debit. Comments: Re-upping with a monied covered call in the October 18th cycle. I left some money on the table by taking profit early. However, I don't want to be as aggressive as I usually am from a delta standpoint, since I already made money in the cycle, albeit after somewhat of a rollercoaster July/August. Instead of selling the -75 delta call against as I usually do, I'm selling the -84 against, resulting in a net delta metric of around 16. The 16 delta strike is associated with 2 x the expected move, which is why I'm choosing that short call strike ... . Metrics: Buying Power Effect/Break Even: 196.80 Max Profit: 2.20 ROC at Max: 1.12% 50% Max: 1.10 ROC at 50% Max: .56% I'll generally look to take profit at 50% max; roll in-profit short call out if and when the setup converges on +30 delta.Longby NaughtyPinesUpdated 2
75% gains BUY/HOLD IWM/RUS2K C*H trade setup🔸Hello traders, today let's review 2daily chart for IWM . Entering re-accumulation stage now, expecting range bound trading during next fer months. We've hit heavy overhead resistace / limited upside currently. 🔸The speculative chart pattern is bullish C*H in progress, expect more range locked price action for a few months as we re-accumulate and get ready to clear the ATH. Measured move price projectiong for the C*H structure is 350 USD, 75% upside from the recommended BUY ZONE. 🔸Recommended strategy bulls: wait for IWM to re-accumulate in the sliding bull flag formation and get ready to BUY/HOLD low near 200 USD, target based on measured move projection is 350 USD. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.Longby ProjectSyndicate1515173
$IWM Tomorrow’s Implied Move for PPIAMEX:IWM Tomorrow’s Implied Move for PPI Alright, IWM. We had the bearish cross down in the first week of Oct and since then we’ve seen the 30min 200MA as resistance as we make our way back to the 50DMA. Implied move for tomorrow is 214 - 219, 35EMA is above us and so is the 1hr 200MA and they both acted as resistance today. If we get above that duo then the next target is the 30min 200MA which has been a clear resistance since we crossed down. If we do get to that level I would be looking at 220/221 or 221/222. And then if it holds as resistance then look to the 50Day Moving average. The momentum there is pulling us down. 214 is sitting right on the 200DMA and if we get down there I would be looking to sell 213/212 bull put spreads since the DMA acted as support today for a technical bounce. — Storm update: I’m so good, but I don’t have power so I can’t make videos until that’s fixed. Until then I’ll be posting charts here when I can. 🙌🏼 by SPYder_QQQueen_Trading1
$IWM Analysis, Key Levels and Targets Review of Oct 9thLook at this beautiful chart. Have you seen anything more technically perfect than this. I discussed so much of this price action in the videos lately, definitely on the weekend video, namely that once the 30min 35EMA crosses underneath the 30min 200MA that it should act as resistance and look at that… that’s exactly what it did. We popped up, filled that down gap from Monday, tapped the 30min 200MA and got rejected there. The 35EMA just didn’t support moving above that level today. We also saw the 1hr 200MA as a support. Know where your levels are. Im in the middle of Hurricane Milton in Sarasota right now so I hopefully will have power enough to get tomorrow’s range out for CPI but if not then you know why… LOL… Don’t worry y’all I’m in a very safe place. So even if I lose power I’m still safe. by SPYder_QQQueen_Trading1
$IWM Weekly Chart Looks BullishAMEX:IWM small caps have been volatile for quite a while now. I expect that volatility will continue until after the election. When looking at a daily chart it is hard to see any kind of pattern but zooming out to a weekly timeframe it looks to me that it has established a solid uptrend. I will be looking for an opportunity to get long for a move back to the upper trendline. But as you can see on the chart it has ventured outside the trendline but seldom closes above or below. The distance between the lower trendline and the upper trendline measures just over 11% as measured in a straight line. I am looking to squeeze out 8% to 10% as a swing trade. I have an alert just over yesterday’s high at $218.67. Should that trigger, I will put my stop just below last week’s low of 215.08. That looks like a good risk reward for me. All TBD. Longby jaxdogUpdated 2
Opening (IRA): IWM Oct 25th 185/207.5/207.5/230 Iron Fly... for a 12.32 credit. Comments: More small stuff while I thumb twiddle, waiting for longer-dated setups to play out. Metrics: Buying Power Effect: 10.18 Max Profit: 12.32 25% Max: 3.08 ROC at 25% Max: 25.00% Break Evens: 195.18/219.82by NaughtyPinesUpdated 4
$IWM Analysis, Key Levels & Targets for Payroll Today’s Trading Range, y’all. Looking like that 30min 200MA could be a great short right at open. Let’s go… 💃🏻by SPYder_QQQueen_Trading4
$IWM Analysis, Key Levels & Targets - Recap of Oct. 3rdAMEX:IWM Analysis, Key Levels & Targets Ok. This was the setup from Last night’s video and the outcome. We gapped down, dropped to the 50DMA and then we traded between the 1hr 200MA and the 50DMA (2hr 200MA) I will do a more detailed review over the weekend on the video but I didn’t get to it tonight. So Monday we gapped down, Tuesday we got the bearish cross in the MA’s, and then gap down Thursday. We did stay within the implied move for the day. Wow, what a beautiful chart though. I have so much I would say right now if I was recording a video rn. OK… tomorrow’s trading range will be out in just a bit. 💃🏻by SPYder_QQQueen_Trading2
$IWM Might Run up RSI here before next… AMEX:IWM Might Run up RSI here before next… Keep an eye on RSI here. Right now it’s in a bullish divergence both on the 1hr and the 30min time frame. So in the near term we might see a pop, and even more likely, some consolidation here. The 2hr timeframe is still pointing us lower but we have room for a little pop here or some sideways action. 💃🏻by SPYder_QQQueen_Trading4
DOWn jgonesDo you seewhat I see? #mmiq short for upnotctober while Lebanon has a ground invasion by Israel and dollars pumping too,the markets gonna crash pretty simplestructure too Shortby MarketMakerlQ0
$IWM Tomorrow’s Trading range Oct 1st 2024AMEX:IWM Tomorrow’s Trading range Oct 1st 2024 Alright, y’all… support is at 218 and resistance is at 223, the 35EMA is underneath us and we have an implied move of 1.19% Awwww yeah… Gl y’allby SPYder_QQQueen_Trading2
$IWM Analysis, Key Levels & Targets for Day TradersNo video again tonight but here is the trading range. IWM had a big drop yesterday, outside of the implied move, so watch out for volatility, and it filled both FOMC gaps, the one before FOMC and the one after. Looks like this moving averages are on deck. Look to the 35EMA as a possible resistance even though we are still above the 30min 200MA which actually makes us neutral. GL, y’all… I’ll keep you up to date on the wifi situation and hopefully videos will resume soon. by SPYder_QQQueen_Trading1
$IWM Analysis, Key Levels & Targets for Day Traders for Sept 25 Ok, so I can’t make a video tonight :( My Wifi is down in my neighborhood because they are putting new lines in, and to make matters worse there’s a hurricane coming this way so it won’t likely be fixed until it passes so I can only do as much work as my hotspot will allow The implied move for tomorrow is between 218 and 224. The 30day average volatility is 217-226 and the implied move on Thursdays contract is between 218 and 225. We are right at the 30min 35EMA, it is literally right in the middle of out trading range, so keep an eye on that for direction. IWM is the only one trading underneath it’s 35EMA. Below that support is at 219 which is the gap bottom from FOMC. Lot’s of moving average support underneath the trading range (1hr 200, 30min 200 and the 50DMA) GL, y’all… I’ll keep you up to date on the wifi situationby SPYder_QQQueen_Trading6
The Global Liquidity Index is looking very interesting here.The GLI is looking very interesting at these levels. It's currently bouncing around within the Fibonacci retracement levels shown. Stocks and crypto usually perform better during times of increased liquidity for obvious reasons. Now that we are heading into a period where central banks around the world are propping up markets with freshly printed cash, we may see this index set a new high, which will be good for asset prices overall. Good luck, and always use a stop loss!by MetaShackle4
Looking Lower Through 197Looking lower through the wave (A) low of 197 against the high of 228.63 following the completion of a zigzag wave {B}.Shortby PhiWaveCapitalUpdated 3
FOMC (FED) 50 bps Cut - What's Next???FED cut 50 bps today (as CME FED Watch Tool predicted), but it was one of the closer toss-up probabilities at 55% to 45% odds. Today's 50 bps leaves room for more to come and the market is anticipating 10 cuts in 11 FOMC meetings out through 2025. The market's resilience has been impressive, but until the market is satisfied with more "good news" on employment, inflation, and earnings growth...fresh all-time highs and rips may prove elusive in the near term. Thanks for watching and enjoy the video!!!14:26by ChrisPulver0
Triple Witching on FridayThis Friday, 9/20/24, is Triple witching. Here's a 4x split chart view of SPY, QQQ, DIA & IWM. With TTCATR indicator support & resistance levels on the 1 day chart. Triple witching days are known for being volatile and having high volume. On these days, three types of derivative contracts expire simultaneously. Stock options: Contracts that give the holder the right to buy or sell shares in a company at a specific price and on a specific date. Stock index futures: Futures contracts on a stock index such as the S&P 500. Stock index options: Option contracts on equity indexes. SPY TTCATR VWMA20 levels: 1ATR = 7.34 ATR4 = 582 ATR3 = 575 ATR2 = 569 VWMA20 = 556 -ATR2 = 543 -ATR3 = 537 -ATR4 = 530 SPY 9/20/24 expiry options data: Put Volume Total 374,184 Call Volume Total 330,226 Put/Call Volume Ratio 1.13 Put Open Interest Total 3,233,386 Call Open Interest Total 1,115,457 Put/Call Open Interest Ratio 2.90 QQQ TTCATR VWMA20 levels: 1ATR = 8.75 ATR4 = 500 ATR3 = 492 ATR2 = 485 VWMA20 = 469 -ATR2 = 454 -ATR3 = 446 -ATR4 = 438 QQQ 9/20/24 expiry options data: Put Volume Total 178,606 Call Volume Total 188,794 Put/Call Volume Ratio 0.95 Put Open Interest Total 1,621,234 Call Open Interest Total 1,117,192 Put/Call Open Interest Ratio 1.45 DIA TTCATR VWMA20 levels: 1ATR = 4.89 ATR4 = 429 ATR3 = 425 ATR2 = 420 VWMA20 = 412 -ATR2 = 403 -ATR3 = 398 -ATR4 = 394 DIA 9/20/24 expiry options data: Put Volume Total 10,663 Call Volume Total 9,142 Put/Call Volume Ratio 1.17 Put Open Interest Total 76,617 Call Open Interest Total 60,201 Put/Call Open Interest Ratio 1.27 IWM TTCATR VWMA20 levels: 1ATR = 4.23 ATR4 = 231 ATR3 = 227 ATR2 = 223 VWMA20 = 215 -ATR2 = 207 -ATR3 = 203 -ATR4 = 199 IWM 9/20/24 expiry options data: Put Volume Total 214,539 Call Volume Total 313,620 Put/Call Volume Ratio 0.68 Put Open Interest Total 2,402,288 Call Open Interest Total 1,373,048 Put/Call Open Interest Ratio 1.75by Options360551