The Russell 2000 (IWM) continues to use the 200-day moving average as a bounce area for the index.
The stock market continues to show mixed signals, with SPY, QQQ, IWM, and Oil all sending different messages, following the war outbreak in Iran. In this video, I break down the technical analysis on each of these major ETFs and crude futures, review my key market indicators, and reveal what traders can expect next as
The overall market continues to frustrate traders with choppy, directionless price action. All three major index ETFs - SPY, QQQ, and IWM - remain range-bound, making it difficult to capture momentum or follow-through in either direction. In today’s video, I dive into each chart and examine: Where major support and resistance levels are forming How
After opening deep in the red, the market saw a sharp rebound across all major indices, with S&P 500 (SPY), Nasdaq 100 (QQQ), and Russell 2000 (IWM) all bouncing off the lows, though not recovering all the losses. We've seen a number of these huge sell-offs of late lead to massive rebounds in the days
Its gone red since I drew up this chart, but still a nice series of higher highs and higher lows in place. But some reservation about a bigger pullback.
Only Russell 2000 (IWM) is showing any real leadership under current market conditions. Everything else is simply circling the S&P 500 (SPY).
Russell 2000 (IWM) faking out traders who played the breakout at all-time highs.
Technology sector is taking heavy losses this week, with Nvidia (NVDA)Â looking at a third straight week of losses. Meanwhile Russell 2000 (IWM) looking to rally for a fourth straight week.
Crazy divergence between the net longs on the Nasdaq 100 (QQQ) and the Russell 2000 (IWM).