I have a habit of uploading the $IWM every Friday evening because it is not in our Top 20 or Top 10 list but many people are still interested to see how the small caps are behaving.
We can see that the 50 Day MA has been the resistance issue here since the start of the year.
We also have a retest of the 0.618 Fib level today at $220.
Price can still test the 200 Day MA at $218 and bounce, for me, I believe the $IWM still has Wave 5 to complete and believe a hold between $218 - $220 offers an opportunity to add to catch the final leg up to $265.
Millie Leung
2025-02-22 09:45:39 +0000 UTCMuhammad
2025-02-21 19:18:29 +0000 UTCSteven
2025-02-21 18:56:41 +0000 UTCDiegoTheSabre17
2025-02-21 17:49:21 +0000 UTC