$IWM Russel 2000 holding key levelFeb 2020 resistance highs which preceded the March covid crash seems to have turned into support for now. Change of polarity or too early too call? We have also reversed and turned above the 200dma Interesting technical level to monitorLongby MarcoOlevano1
Small Caps are dirt cheapThese types of mean reversion trades can be very strong because capital likes to move back and forth between sectors in a cyclical way. It seems like the current trend is to sell off small caps to buy large caps, but it could easily be that the trend in 2023 shifts back to selling large caps and buying small caps, so it makes more sense to have higher exposure to small caps.Longby bowtrix3
IWMBottom in? Or is there more downside? Post your comments here. Let's discuss.Long05:40by Big_Mike7162
Consumer Sentiment, Inflation and Market CrashWhat is the UMCSI Showing to us? The US economy is deteriorating further. After the Virus the sentiment recovered slowly and peaked with Biden taking office in expectations of better times ahead. At the same time inflation kicked in due to massive overspending. Inflation is always a monetary problem of too much money in circulation. Even fiscal policies (“Free money” programs) are rooted in monetary policies. If the government ask for money nobody has at hand, the FEDS issue debt and create the liquidity needed to pay for those programs. This is important to understand. They create money out of free air. Follow GDP NOW from the Atlanta Feds and we will see how growth is constantly fading away. Will we have a second quarter in the red? GDP Outlook. The UMCSI is at its lowest level since the virus was released, which was the lowest ever since, even under Bush, Obama and Trump. We also had the first Quarter of the GDP coming in negative this year. Two in a row makes it officially a recession. And Stocks? We also see that the S&P 500, NASDAQ, Russel 2000 are about to hit 20% below the most recent high. A 20% correction will be seen as a recession in the broad market. Why? Because earnings of the underlaying companies will come in lower than they used to do. Also, the higher the stock price gets the more is expected for their growth. Relatively to their value the stock has to grow more to produce the same ROC. Otherwise the EPS (Earnings Per Share) will slump and investors will look for other opportunities. This makes the stock market less attractive the more it grows. Other investments are also less risky. And, i.e., about 50% of the IWM, Russel 2000, cannot serve their debts!! The Party is over my Friends. Follow me on Twitter, this post with images is pinned for a while!Shortby Option_Crusader1
IWMSmall caps looking pretty bottomed here IMO. Let's see with NQ bouncing off 200 weekly EMA & SP500 looking ready to push of the 3850 lvl wall street may want some extra risky trading till EOY.Longby Big_Mike7160
IWM correction in progress ...entering B wave ? probably soon ... if so this would be a possible roadmap for the next couple of years Shortby ibra841
IWM Update: 15 MayThe Russell has rallied higher in the last two sessions. In this video I take a look at two Elliott wave counts to determine if the correction is complete - or if we should expect further selloffs.Short04:38by UnknownUnicorn122503172
Long Term ResistanceWill the break out ensue? Or will we see March 2020 lows? Looks frothy. Shortby tosborn123Updated 0
Russel/m2 rangeRussel/m2 range: Does IWM even grow? djiwjdiwjdiwjdijwidjwidjwidjiwjdiwjdiwjdi by mcbridei0
Small caps need to lead in order to confirm the bottomThe small caps are a great barometer of the overall investors' risk appetite. Yesterday's reversal is the first bullish sign. A session above yesterday's high and its 8EMA around $178.5 would confirm the trend change. Longby Eclubtrading0
I hope everyone is making good money on the crashing marketsThe markets are crashing and I predicted this like so many others 6-9 months ago. We finally reached the edge of the Bear Market. The Ape Army disappeared and lost all their gains. Congratulations, Going to the moon Bro! I stick with IWM the Russel 2000. Target 150 or even 120 by end of year. Inflation will eat the economy and selling assets by the FEDs will bring bond price down, yield up and the stock market will follow. USD will gain value since imports will increase. China at the bring of a collapse as well. Buying Puts in the IWM for now the way to go, or selling Call Credit Spreads. 50% of the IWM underlaying companies cannot serve their loans. IWM will fall first and deep, Then the NASDAQ, QQQ. Then SPY. Where is the Ape Army?? by Option_Crusader0
Head and ShouldersIWM appears to have broken the neckline of a head and shoulders pattern, consolidated in a horizontal trading range, or a rectangle, and has broken the support line of the rectangle. Massive negative crossover of the longer term moving averages at about the same time price broke the neckline. On the Cloud, below, the Tenken crossed through the Kijun at the same time. This is almost a "reverse" of a Parabolic Arc but to the downside as the candles are almost straight down. It would seem selling pressure would ease soon, but the market seems to be in panic mode. I figured out a long time ago that Mr. Market does not do what I tell him to do )o: Price is under the Bollinger bands set on 80 showing an extreme oversold condition. RSI is also oversold. These conditions can go on for extended periods of time. I scanned the chart and there are no rising wedges left in this chart to be broken. The ones that existed have already corrected. This chart is not trading like QQQ and SPY which are very similar to each other. I am assuming this will go down with the others though, so I will mark short but maybe a bounce very soon. No recommendation I doubt our prior president is enjoying this, but he may be saying "I told you so". I do not think Xiden cares and his group probably sold out a while back. Shortby lauralea221
Rolling (IRA): IWM May 20th 180 Short Put to June 17th 179... for a 1.86 credit. Comments: Not getting much strike improvement here, but collected 1% of the strike price in credit. Total credits collected of 1.90 (See Post Below) plus the 1.86 here, for a total of 3.76.Longby NaughtyPines0
triple bottom playI bought a lot of small caps. I think this triple bottom play is going to pay off. Bought strong companies like NFLX.Longby MechanicalEngineerTrader2
Russell ETF To Correct Back to Previous HighsMarkets going through a correction with potential to see wave C end between 170-175 🎯 Shortby TradingMulaUpdated 5
Russell Correction Complete? ABC bottom looking right at this point here so I'm leaning bullish Support levels: 1. 2020 High Backtest 2. 200 Weekly EMA Backtest 3. Channel Support PA reaction Longby TradingMula8
IWM bearish bearish at least until indiscriminate selling is over most likely going to see a bounce before taking out a major fib level Shortby WGMI-NFAUpdated 1
IWM Update: 6 MayThe Russell is tossed around by dip-buyers and sellers of strength. In this video I take a look at an important bullish divergence and a trade idea that can be profitable regardless of market direction if it is managed well.04:09by UnknownUnicorn122503171
IWM - Russel potential turn soon.The 0 - 5 count could be over in a couple days. When price reaches the L-MLH, then we know that it's stretched extremely. As a Pitchforker you know that these are the greatest opportunities to trade. So let's observe it and maybe we find a good Risk-Reward entry. Longby Tr8dingN3rdUpdated 3
Iwm small caps bullish violent meltup Massive inverse head n shoulder monthly with lower shoulder forming extremely bullish just regained long time support . Stochastic Rsi way oversold I’m expecting violent move up here wouldn’t be surprised if we make new highs. Buckle up Longby Worldcat320dc0
IWM: Pivotal ChangeRussell 2000 looks to be on the cusp of breaking down, after a short term distributional channel (following a longer term underperformance). We might get a small bounce back up to the prior support (as backing up action) before continue lower. There is a lack of a volume signature on the bottom of channel indicating no volume absorption like we saw last time (marked in the green box) and this suggests that we will see some acceleration to the downside. The point and figure chart suggests we a price target range of 110-140 signifying an additional 30% drop. This is entirely possible considering the slower growth and further possible war catalysts. While this, might not be the "end" yet - this warrants some portfolio hedging or at least trimming of "high valuation" positions.Shortby quantitativetendiesUpdated 111
IWM shortIWM Index should touch 179 - 165 before rebounding back to 200. Wait for the Index to bottom out before building large long positions in equitiesby IrinaTK2