Not changing anything here. This has gone deeper then I have liked but I am sticking with the fact that I thinking a banger rally is coming out of value here. Long here with invalidation just below. Trim some profits at the downtrend / flag resistance. DOW and Russ will lead next leg up
recently russel broke the ceiling that was holding it for almost a year.
now it would be interesting entering a long during the retest. placing the SL just bellow last low made the 27th of october.
not because it's a safe trade but becasuse of the RR involved, since that the range has been broken, this leaves us with a proyection to the up side equivalent to the...
Daily turning up can bounce back some off 50 day ma. Will add when it breaks. Look daily lower highs lower lows. VOL more selling then buying
Weekly heading down but has not broke 68%
$IWM Target 221
Lot’s of signs pointing down at the moment, and I have my eyes set on 221
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
If you want me to analyze any stock or ETF just leave me a...
AMEX:IWM
It looks bearish to me,
Possible Scenario SHORT
Evidence: Price action
TP1: 229$
TP2: 225.5$
TP3: 223$
PUT Options, Strike 223$, 17 Dec 2021
* This is my idea and could be wrong 100%
#Russell2000 $IWM continues to pullback.
The 50 MA is conversing with strong weekly support at $228 (circle on the chart).
If bulls fail to protect that level and get a bounce going, this 9 months rectangle breakout is in big trouble.
IWM is almost at my invalidation - still flagging - reversal candle and bullish divergence on %R.. I grabbed longs here today for 12/17, heavy too, but hedged. Thinking we see moon mission next couple days. Will be quick about profits if we get the reversal. Below this invalidation we could be in a 1-2 1-2 nest - meaning still launch likely soon - but could...
The Russell 2000, as well as the S&P500 tend to have a similar behavior coming out of market bottoms. In this case, we analyze the potential move with past historical data.
The first year is usually a strong one, the second one there is consolidation and accumulation, the third there is a strong rally that loses steam near September.
Using market...
(IWM) Longterm scenario #2- This is scenario #2 and the difference is that instead of us on the previous post heading into "Primary 5th wave" we have instead already had the completion of "Primary 1&2" around the (20% retracement zone "Which is the minimum in a Strong Bullish Market") and are heading to the common estimated (1.618 Fibonacci at $433) for "3rd wave...
When Indicies/Market ETF's breakout, that is when things get hot.
Major indices like $SPY and $QQQ are at ATH's and pushing every few weeks while $IWM had been a big laggard.
However, $IWM had broken out and it looks like it is trying to pull back for a retest before heading higher. I am bullish on $IWM as this has consolidated for many weeks and it's time for...
Alarming levels on the Cashflow and CICO (Cash in/cash out) indicators (Free open source indicators on Tradingview.com). Similar levels to the first Covid levels. Shield yourself with long Puts. Also, turn off CNN, MSDNC, Fox, ABC, CBS, NBC, CNBC; they are shit. That is all, good day!
Similar to #ES_F, IWM had signs of a false breakout while everyone was clamoring for a Santa rally. Though we did breakout after an accumulation period, one that lasted almost the entirety of 2021, we had trend line resistance from the 2020 lows directly overhead. If we lose the 2021 accumulation zone, selling could accelerate with velocity.
... for a 1.77 credit.
Comments: Rolling down the short call aspect of my December 23rd short strangle to cut net delta/directionality. Collected a total of 6.01 in credits so far. (See Post Below). The resulting position is still net delta long, just not as long as it was.
... 232/234 Short Strangle for a 4.82 credit.
Comments: With 21 days to go, rolling this out to cut directionality. I've collected a total of 10.43 in credits so far (See Posts Below). Position remains net delta long.
... for an .82 credit.
Comments: Rolled the short call aspect of my December 23rd short strangle to cut net delta in half. I originally opened this for 3.42 (See Post below) with a take profit target at 1.71, so am revising my take profit to 1.71 plus the credit received for the roll of .82 or 2.53.
The net delta of this short strangle (short put + short call)...
THERE are 3 wave counts within the IWM VERY BULLISH WE ENDED WAVE 2 ALT is we ended a wave 4 within a diagonal and the 5th wave would end at 249 plus or minus 1.5 pts being a .618 of wave one up from march 2020 low and is wave 1 and 5 being within the 5th this is an area to which I WILL SELL OUT MY NEW 100 % LONG I WILL NOW PLACE A STOP AT 227 CLOSE...
IWM kissed this trendline around $231 almost perfectly and it was very quick. Will need further follow through but hopefully this bounce begins the follow through for the small cap rally. This last week or so was a bad beat down of companies in that category. One final knock down before the run? GLL
Arca
