Inverse Head & Shoulders: Right Shoulder FormingNice bounce off the volume shelf the last two days with the right shoulder of the inverse head and shoulders forming and the price gap that fills above at $181.28 and the swing high anchored VWAP right around $180.50.by JakeWuMarketResearch3
Echos chartEchos indicators. Built on Luxalgo indicators. This combination of indicators has been helpful to me in "scalping" the intraday futures market.by mrblaze2000Updated 0
IWM: 170-172 Soft?Short idea. Since the beginning of 2023, IWM has put in a lower low on the daily indicating that support at 170-172 is soft, and the trend of higher lows established by the Oct swing low seems to be broken. Tough April so far -- currently trading below the 20D / 50D / 200D. The distribution that price is trading in right now is support, but I think 170-172 gets softer with every test. Short targets: 175 / 176 Profit targets: 172 / 170 / 168 / 163 Trade invalidated > 178Shortby BreezeTrades808Updated 0
IWM Over 174.50 and the target is 181 gap close Below 172.50 and it's a head and shoulder to 167 Technicals don't look as bad as QQQ or SPY.. I would have to say IWM look neutral or bullish. by ContraryTrader333
IWM: Russell 2000 ETF-Elliot Wave PathAMEX:IWM IWM, The Russell 2000 in the middle of an ABC Zig-Zag Corrective Wave Sequence. This Zig-Zag is retracing the upmove from the '03 low to '21 high. As it stands now, the "A" wave has completed 5 waves down, and "B" wave flat looks to be complete. This suggests that we are already in or about to enter the final 5 waves down for Wave "C". Looking at a few other indicators, I'm expecting that this "C" Wave will extend 100% of the "A" wave's length. This would take IWM to the 117 USD area. On an Elliot-Basis, the correction should terminate somewhere within the larger degree Wave 4, and this 117 USD level is right in the middle of it. The 117 USD level is also right in between the '18 and Covid lows, and is also in line with my non-EW Median Line target, and bear flag target. (screenshots below) Short it. Fat_Fat Shortby Cousin_Fat_FatUpdated 6
IWM: Week of April 10Projections are bullish for IWM. We also have a fairly bullish reference target at 175.85. This also makes sense because we are pushing the low 13% probability range on the 1 hour chart. The high probability targets for next week are: 176.19 and 172.56. The highest probability target is 176.19. This would be my initial target on an IWM play next week. The ideal setup would be a gap down of course, so let's see what we are given on Monday. Otherwise, those are my thoughts and the official targets are in the chart above. Will do a real time update on Monday. Safe trades everyone! by Steversteves1110
Smalls B4 MegasIn both 08 crisis & pandemic crash, small caps consistently going up for several months were the proof that the bears were done. That has not happened yet for this recession! Notice small caps are at best going sideways, & starting to trend further down, while ^RU50 Mega caps (like XLG) think the worst is behind them & Bulls saying don't miss the party. But it's not the end of the Bear market. If Main street is still struggling, & we know & see it is all around us, then Wall street is just having a minor rally that will smack them back to reality soon enough. Momentum doesn't lie, so watch the Volume & trends! Shortby roelds221
Retest 210?There is a high chance it could retest 210 in May. Volume is high recently. It should stay above 180 for it to happen.Longby babu_trader1
SPY/DIA/IWM/BRK/VIX: AnalysisWeekly analysis for SPY, DIA, IWM, BRK and VIX. My thoughts, not advice. Let me know your questions below and safe trades everyone! 12:42by SteverstevesUpdated 7715
IWM/RUT down to 130+ zoneRUT is in 1-2 structure and is ready for a move down in wave 3 of C. It might still try to push up until mid April though I don't expect to see a major move. Whole structure should bottom by mid August in 130+ area. Shortby Vyaz2
Opening (IRA): IWM May 19th 155 Short Put... for a 1.55 credit. Comments: Adding a rung out in May, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.Longby NaughtyPinesUpdated 2
Opening (IRA): IWM April/May 150/140 Short Put LadderAdding in May and June at strikes below what I currently have on in those expiries, targeting the <16 delta strike paying around 1% of the strike price in credit. May 19th 150: 1.75 credit June 16th 140: 1.58 creditLongby NaughtyPinesUpdated 2
Opening (IRA): IWM May/June/July 145/135/130 Short Put LadderComments: Adding to my IWM position here on weakness, high IV, targeting the <16 strike paying around 1% of the strike price in credit. May 19th 145: 1.46 credit June 16th 135: 1.34 credit July 21st 130: 1.54 creditLongby NaughtyPinesUpdated 0
IWM Russell 2000 RUT affected by the SIVB collapse! Puts to buy!After the last RUT Russell 2000 Price Target was Perfectly reached: Now you need to know that many of the Russell 2K companies will be impacted by the SIVB collapse. Roughly 50% of the US venture capital-funded startups are clients of SVB , potentially putting 65,000 startups at risk of payroll disruptions. Such a situation could have significant consequences for the startup and tech sectors. Silicon Valley Bank did business with FTX, plus many other formerly overvalued tech companies. With $210 billion in assets, $SIBV was the 15th largest bank in the US in terms of deposits. IWM puts considering buying: 2023-4-21 expiration date $169 Strike Price $3.65 Premium Looking forward to read your opinion about it! Shortby TopgOptionsUpdated 225
IWMHard rejection of 177.. 21ema (White wave) Nearest support is 172 No longs below 178.. by ContraryTrader4
IWM took a little IWM as an undercut and RAlly trade... good risk reward trade.. and still small position size.. im just kinda learning about U&R so we will see.. along way to go studying it and all.. Longby cdarbonne33441
IWM IS NOW A BUY LOOK FOR IT TO RALLY IN AN ABC FOR 1.5 WEEKS The chart posted is now ending a clear 5 waves down to end wave 1 of the CRASH OR IS 5 DOWN FOR WAVE C OF B BOTH SAY TO COVER SHORTS IN THIS ONLY INDEX AND LOOK FOR THIS INDEX TO RALLY DO NOT ATTEMPT TO THINK IT WILL BE THE OTHER INDEXS AS MUCH Longby wavetimer3
Opening (IRA): IWM April 6th 168/June 16th 197 LPD*... for a 21.30 debit. Comments: Re-erecting my short delta hedge in IWM against my long delta portfolio. Buying the June -90 delta put and selling the April 6th +30 one. This isn't greatly ideal here with small caps being at the low end of their range, so wouldn't recommend doing it as a standalone short ... . Metrics: 21.30 cost basis with a 175.70 break even on a 29 wide. * -- Long Put Diagonal.Shortby NaughtyPinesUpdated 1
IWM - Russel With MeSometimes you just look for the look... as far as Elliot Wave is concerned, if this plays out, it will complete the look of IWM's long-term path and set it up for a massive ride higher once this correction has completed. Triangles are best drawn after they have completed, but sometimes you can front run a pattern and still be predictive in nature. So, if this triangle doesn't mature, I still expect the lows that are depicted to be tested - as a retracement into that region would definitely create the look we'd look for so we can feel comfy about going long and strong! GLTA!Longby kstrizzle0010
IWM Bullish Crab PatternIwm dissplaying very bullish signals here. Tempery bottom confirmed. Many techs stocks have been running already such as $AMD $MARA $Bitcoin $NVDA...Longby jcastellon436112
Have You Considered A Ride Down IWM 170? AMEX:IWM 50 MA crossed down the 200 MA on the daily and 4H timeframe. The daily chart shows a lot of sellers. IWM also made lower highs on the weekly timeframe. Also, the exchange traded fund is resting on a trendline that it's maintained since March 2020! If we break down below 170 and it holds, IWM should see more downside. The weekly chart shows an increase of sellers between last week and this week. Last but not least, the etf shows a shooting star candle that printed on the weekly chart (March 13-17, 2023). Therefore, my plan is to short IWM below 170! I will ride down IWM 170 (provided price gets there of course). *This is not financial advice Peace & Harmony, MrALtrades00Shortby MrALtrades00Updated 0
Opening (IRA): IWM March 24th 175/May 19th 202 LPD*... for a 20.52 debit. Comments: Resetting my short delta hedge against a long delta portfolio ... . You know the drill: buying the -90 put in the back and selling the +30 delta put in the front. 20.52 cost basis with a 181.48 break even on a 27 wide. * -- Long Put Diagonal.Shortby NaughtyPinesUpdated 0
IWM Head and shoulder pattern completed at December lows or 170.. Next move is to retest that neck line at 181 but the first target will be 177... 177 will be a tough nut Crack. Look to cover and renenter over 178 if there is a struggle at 177Longby ContraryTraderUpdated 9