IWM: Breadth Break, Pullback Stats, 2008 Candle

SmallCaps and $iShares Russell 2000 ETF(IWM)$ have been a hot topic this weekend.

Yes, there was also an unusual breadth breakaway signal for Russell2000.

According to this backtest an immediate pullback is 70% usual; but after 10 days the index is 52% of the times green and 65% after 21 days.

2008 is the year that affects the trend.

A very unusual weekly candle was analyzed yesterday, one not seen since 2008.

Here is the backtest for the small-cap momentum thrust some of you asked for earlier in the week IWM

Image

https://x.com/SmartReversals/status/1815035610387579285

$IWM: Summer Surge to $300?

The Russell 2000 Index ($IWM) has been a focal point of discussion among traders and analysts, with a variety of perspectives on its recent performance and future prospects. TOM LEE JUST PREDICTED $IWM WILL HIT $300 BY THE END OF SUMMER. ---------- Will you trade IWM? What's your target price?

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