IWM (Small caps) Closed right at resistance Here. IWM has been in a bear trend since early November. Any Green at the open here tomorrow will be a breakout , but we'll need to close above trendline for conformation. Any rejection and we head back to 213by ContraryTrader6
IWM .5% gap on 30m candles via Fixed Range Volume ProfileNot a big deal for investors, but traders should watch this gap where the rectangle is. In this instance it's a .5% gap on the IWM 30m bars showing where price may travel through with very little resistance. If you're a trader this is very important to know. Sometimes gaps are in plain sight such as this, but other times support and resistance zones can be "hidden" in the price action. This is where "Fixed Range Volume Profile" or VAP (Volume At Price) can really help you see through the data in a unique way surprisingly few people seem to use frequently. It doesn't always work well, just like any other indicator, but it's definitely worth having in your arsenal.by digital_precision0
Potential reversal pointsHaving used some Fib retracement tools and with the help of trendlines I have found these potential reversal points/areas.Longby Ana_NSr112
Leading Indicators are still BURNTQuick update from two weeks ago... Watching the White/Red lines JNK failed the reversal attempt to break above resistance; DJT closed just below support; Russell2000 closed last week at support; Value Line has not yet broken down; TIPS reaching support, may break but not yet; TLT just above the breakout support; VIX already gapped up pre-opening; and S&P futures ES1! following through downwards rather significantly pre-market open. Most MACD are aligned. Indicative downside bias...by Auguraltrader111
Staying shrt IWM @ 233.61Lets look at daily stoch red is where I shorted the daily heading down that why. Know lets look daily stoch today and look at bottom green arrow. Look at the bottom BB line on bottomed and sideways, Know looking possibly a bounce back to 200 day 225 Will watch may try get it. the daily broke the the 100 day 200 day 2 x . Look at vol more red selling then buying. 2nd reason shrt is the weekly heading china trend is down. 233.61 to 212 nice shrt only few shares left. Comments welcomed. Shortby john122
IWMLooks to me that MM has been running a distribution campaign for nearly 6-7 months now and I expect this to fall to $209. It also failed to hold the Daily channel. I expect this quarter to be an outside quarter...I am very bearish on this ticker. $197 is my target but I will take $209 this December.by GoodTrades_Only0
Rolling: IWM January 7th 222C/232P to January 28th 219C/231P... for a 2.61 credit. Comments: Rolling my January 7th 10-wide inverted short strangle out until after the holidays to a 12-wide, but improving the short put strike a smidge. Total credits collected of 16.48, so I'm functionally long the 231's with a cost basis of 231 - 16.48 = 214.52. Put another way, my share price break even is 214.52, so I'll need movement above that level to have it work out. by NaughtyPines1
Closed: IWM December 31st 213/230 Short Strangle... for a 3.37 debit. Comments: I received a total of 4.98 in credits for the original strangle plus adjustments. (See Posts Below). Closed it out today via order to take profit equal to what 50% max of my original short strangle was. 4.98 - 3.37 = 1.61 ($161) profit.by NaughtyPines3
Closed: IWM December 23rd 222.5/224 Short Strangle... for a 6.39 debit. Comments: Collected a total of 8.10 in credits for this for the original short strangle plus credits received with various adjustments. (See Posts Below). Closed it out today via good until cancelled order to take profit at what was originally my 50% maximum for the original short strangle. 8.10 - 6.39 = 1.71 ($171) profit.by NaughtyPines222
IWM found the correction bottomIWM coming in with the h on the a trendline support. The h is a pattern that is bullish. IWM touched the .786 fib and took a breather intraday. It is likely to keep going higher, watch 224ish. The RSI is also in a good spot with the trendlines ready to breakout of the downtrend. Looking bullish Longby WhatAmIDoingWithMyself0
IWM support defendedToday IWM dipped once again into the support zone. This zone has been defended for over a year now. Every time we come down here, price rejects and run towards the upside of the channel. For those who trade rangebound, this is a great R:R trade !Longby TheBullandBearLounge222
IWMFailure of that 210 range could start an ABC style correction down to the 195 range. Possible support at longer term AVWAP.by jjmatsjr1
IWM IWM monthly candle study. Each red arrow marks a month where close was 10%> below high of the month. Not a pretty picture.by jjmatsjr0
EW wave count on IWM Good luck counting waves on this mess .... anyway here is my take: looks like we are in wave 4 and expect more downside pressure until year end then on January wave 5 rally into the summer ! wishful thinking ?? by ibra841
$IWM target 201$IWM target 201 Still in the neutral zone, with technicals pointing down. Let me know your thoughts and what you guys are doing. Have fun!! —————— I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2. —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. Have fun, y’all!! (\_/) ( •_•) / >🚀Shortby SPYder_QQQueen_Trading442
IWM Get Through and Possible Double TopIWM can create a lower high low with a move to hold 220 tomorrow. Has some work to do to get over $227, but if we do it can gap fill to 228.54. Lets see if they want to double top IWM. Longby AlphaTradersInc110
IWM Dec 13thPossible BTD play to ride it back up towards top of weekly bull flag resistance & gap fill Longby bbahmed0
Small Caps Have Fallen. Can They Get Up?The Russell 2000 small cap ETF attempted a breakout in early November. But momentum soon faded and IWM led the broader market to the downside. Now that it’s fallen, can it get back up again? The first pattern on today’s chart is the 200-day simple moving average (SMA). Prices rallied from this line in October. This week, they stalled at the same area. Next, you have a price line around $226.50. This was roughly the level where IWM broke the descending trendline in mid-October. It became more prominent starting on November 24 when the ETF gapped downward. It then remained resistance on Wednesday of this week. Finally, IWM has consistently lagged the S&P 500 since its big rally a year ago. (See the weekly chart below.) That kind of poor relative strength could make small caps especially vulnerable should the broader market pull back in coming weeks. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .by TradeStation14
Triple Witching is on 12/17. SPY, QQQ & IWM patterns.Triple witching is the simultaneous expiration of stock options, stock index futures and stock index options contracts all on the same trading day. This happens four times a year: on the third Friday of March, June, September, and December. Because three options classes that could share the same underlying securities expiration all on the same day, it can cause increased trading volume and unusual price action in the underlying assets. Here's the past 4 Triple Witching dates price action patterns for SPY, QQQ & IWM. SPY: 9/17 -$5.77 Friday to Friday -$9.64 Friday to Monday after -$10.88 6/18 -$7.05 Friday to Friday -$9.28 Friday to Monday after $3.77 3/19 -$2 Friday to Friday -$2.59 Friday to Monday after $2.71 12/18/20 -$3.06 Friday to Friday $4.28 Friday to Monday after -$3.11 QQQ: 9/17 -$4.48 Friday to Friday -$7.40 Friday to Monday after -$12.12 6/18 -$2.71 Friday to Friday $2.27 Friday to Monday after $3.77 3/19 $1.10 Friday to Friday -$.72 Friday to Monday after $6.74 12/18/20 -$.94 Friday to Friday $9.25 Friday to Monday after -$1.14 IWM: 9/17 $.29 Friday to Friday -$2.68 Friday to Monday after -$5.29 6/18 -$2.58 Friday to Friday -$4.39 Friday to Monday after -$5.16 3/19 $1.70 Friday to Friday -$5.05 Friday to Monday after -$1.61 12/18/20 -$.95 Friday to Friday $5.35 Friday to Monday after -$.10 Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification www.tradingview.com by Options360115
IWM 12/10 Looks to be headed back to that split channel which aligns with 216 Fibonacci level.. If we fall below there the next supports are 211 and then 204Shortby ContraryTrader6
$IWM target 201$IWM target 201 Target 1 was hit beautifully… so taking it out onto the 1W 5Y chart target 2 looks like a nice place to sell puts at this time. I would happily start a position there. Right now it’s kind of in the neutral zone, but technicals are pointing to down. Let me know your thoughts and what you guys are doing. Have fun!! —————— I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2. —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. Have fun, y’all!! (\_/) ( •_•) / >🚀Shortby SPYder_QQQueen_Trading225