Small 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.
bearish at least until indiscriminate selling is over most likely going to see a bounce before taking out a major fib level
IWM Looking like will lead us to the downside this week. The weakness comes at the top of the macro bear flag we cover in depth here. We post videos every Sunday to get your week ready!
We can either go lower to fill that open gap right off the bat... or We're going to go a bit higher to form the second shoulder, creating the H&S with a downside target of $193... Either way, that gap is filling — not sure if it will today, but likely for next week and for certain before March's 3rd Friday. The StochasticSlow is looking overbought, and the...
Microsoft Corp. ( NASDAQ:MSFT ) Sector: Technology Services (Packaged Software) Market Capitalization: $2.159T Current Price: $287.93 Breakdown price: $286.00 Sell Zone (Top/Bottom Range): $297.00-$312.00 Price Target: $276.00-$274.40 (1st), $233.00-$230.50 (2nd) Estimated Duration to Target: 28-30d (1st), 68-71d (2nd) Contract of Interest: $MSFT 3/18/22 280p,...
Tesla, Inc. ( NASDAQ:TSLA ) Sector: Consumer Durables (Motor Vehicles) Market Capitalization: $885.695B Current Price: $856.98 Breakdown price: $850.00 Sell Zone (Top/Bottom Range): $900.00-$965.00 Price Target: $778.00-$762.50 (4th), $690.00-$678.00 (5th) Estimated Duration to Target: 28-30d (4th), 68-71d (5th) Contract of Interest: $TSLA 3/18/22 800p, 5/20/22...
Builders FirstSource, Inc. ( NYSE:BLDR ) Sector: Producer Manufacturing (Building Products) Market Capitalization: $13.734B Current Price: $71.72 Breakdown price: $67.00 Sell Zone (Top/Bottom Range): $68.50-$73.00 Price Target: $64.20-63.00 (2nd), $56.00-$54.40 (3rd) Estimated Duration to Target: 27-29d (2nd), 60-63d (3rd) Contract of Interest: $BLDR 3/18/22...
SPDR S&P 500 ETF Trust ( AMEX:SPY ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $ -- B Current Price: $434.23 Breakdown price: $429.00 Sell Zone (Top/Bottom Range): $448.00-$457.00 Price Target: $422.20-$420.10 (1st), $384.20-$382.00 (2nd) Estimated Duration to Target: 14-17d, 48-50d Contract of Interest: $SPY 3/7/22 420p,...
IWM is at a crossroads. If buyers step in this week they must fill the gap at 228.53 (in blue). 226.67 will be hard, but if they successfully get through and a daily close above 228.53 a run to 240 is not out of the cards THIS WEEK.
Huge range over the last 6 months. Is it a sign of reckoning or will we have one big finale to this bull market with IWM leading?
You're probably wondering why I have been posting a lot of bearish content lately...its for a reason trust me Inflation is going to destroy the market, its going to happen before you know it The bubble is bursting, tech is diving, medals and asset based companies are skyrocketing! Don't get caught holding an expensive bag, if your still going long in this...
IWM is forming big head and shoulders pattern which is not completely finished. I am expecting a 10% drop in the IWM. Follow me for more ideas.
Today the IWM opened at 384.66. Through the day it traded as high as 386.13 and as low as 380.20 Bollinger Bands Looking at the Bollinger Bands for IWM, you can see that IWM is trading in the lower, which is considered to be a bearish sign. MACD Looking the MACD indicator below, you can see that the red is over the blue. This is can is indicative of an overall...
The Russell 2000 ETF (IWM) is surging over 4% as Democrats likely take control of the Senate. This gives Biden control to push through more stimulus. Interest rates surged through 1% on the 10 year yield. Not only is the Russell 2000 full of small caps, but also banks. Banks rally as yields rise. IWM is also tagging a trendline that connects the high-pivot of...
-IWM has a clear rising wedge pattern and a retest to the wedge suggesting a reversal pattern. -Also, today an institutional trader keeps buying IWM Puts expiring on Jan29th 2021 for the strike price of $170 and $160. -According to data from the trade alert system here are some of the put transactions. >>10000 IWM Jan21 29th 170 Puts $1.40 (FT Theo=1.38) ...