$SPX Tests 7,299 Resistance as $IWM Shows Early Momentum Weakness

SPX is approaching key resistance at 7,299 while showing early divergence signals. IWM remains bullish but is starting to show initial momentum weakness, though trend structure is still intact.

1. $S&P 500(.SPX)$

Don't fight the trend until key levels are breached. The recent indecisive candle is suggesting to be an early signal as the Stochastic divergence continues to extend.

It is a matter of when, not if. Next major resistance: $7,299, the "Tom Lee Warning Zone".

2. $iShares Russell 2000 ETF(IWM)$

Bullish until proven otherwise by the loss of key levels. In the meantime, watch the emerging bearish MACD cross.

This signal preceded minor consolidations (A & B) and one deeper pullback (C). Current support at the volume shelf suggests a scenario similar to A or B.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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IWM remains bullish but is starting to show initial momentum weakness, though trend structure is still intact.</p>\n<h2 id=\"id_513355182\">1. <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a></h2>\n<p>Don't fight the trend until key levels are breached. The recent indecisive candle is suggesting to be an early signal as the Stochastic divergence continues to extend.</p>\n<p>It is a matter of when, not if. Next major resistance: $7,299, the \"Tom Lee Warning Zone\".</p>\n<p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/a4e9ad87eb37dd30fcde17790be3aca3\" tg-width=\"679\" tg-height=\"399\"><span> </span></p>\n<h2 id=\"id_3637530359\">2. <a data-mention-id=\"IWM\" class=\"teditor-mention\" data-mention-name=\"iShares Russell 2000 ETF\" href=\"https://ttm.financial/S/IWM\">$iShares Russell 2000 ETF(IWM)$</a></h2>\n<p>Bullish until proven otherwise by the loss of key levels. In the meantime, watch the emerging bearish MACD cross.</p>\n<p>This signal preceded minor consolidations (A &amp; B) and one deeper pullback (C). Current support at the volume shelf suggests a scenario similar to A or B.</p>\n<p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/21b27e9713a9fc4e1e2a77ba4ebf0c4a\" tg-width=\"680\" tg-height=\"428\"><span> </span></p>\n<p></p>\n<hr>\n<p style=\"text-align: left;\"><strong>😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.</strong></p>\n<p style=\"text-align: left;\">🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!</p>\n<p style=\"text-align: left;\"><strong><a href=\"https://ttm.financial/TW/554651083281352\" title=\"Hot Merch Returns · Up to 43% Off\" target=\"_blank\" class=\"\">Hot Merch Returns · Up to 43% Off</a></strong></p>\n<p><img src=\"https://community-static.tradeup.com/news/be0283b695178d5d32f9e254ddc1d4a1\"></p></body></html>","htmlText":"<html><head></head><body><p>SPX is approaching key resistance at 7,299 while showing early divergence signals. IWM remains bullish but is starting to show initial momentum weakness, though trend structure is still intact.</p>\n<h2 id=\"id_513355182\">1. <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a></h2>\n<p>Don't fight the trend until key levels are breached. The recent indecisive candle is suggesting to be an early signal as the Stochastic divergence continues to extend.</p>\n<p>It is a matter of when, not if. Next major resistance: $7,299, the \"Tom Lee Warning Zone\".</p>\n<p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/a4e9ad87eb37dd30fcde17790be3aca3\" tg-width=\"679\" tg-height=\"399\"><span> </span></p>\n<h2 id=\"id_3637530359\">2. <a data-mention-id=\"IWM\" class=\"teditor-mention\" data-mention-name=\"iShares Russell 2000 ETF\" href=\"https://ttm.financial/S/IWM\">$iShares Russell 2000 ETF(IWM)$</a></h2>\n<p>Bullish until proven otherwise by the loss of key levels. In the meantime, watch the emerging bearish MACD cross.</p>\n<p>This signal preceded minor consolidations (A &amp; B) and one deeper pullback (C). Current support at the volume shelf suggests a scenario similar to A or B.</p>\n<p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/21b27e9713a9fc4e1e2a77ba4ebf0c4a\" tg-width=\"680\" tg-height=\"428\"><span> </span></p>\n<p></p>\n<hr>\n<p style=\"text-align: left;\"><strong>😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.</strong></p>\n<p style=\"text-align: left;\">🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!</p>\n<p style=\"text-align: left;\"><strong><a href=\"https://ttm.financial/TW/554651083281352\" title=\"Hot Merch Returns · Up to 43% Off\" target=\"_blank\" class=\"\">Hot Merch Returns · Up to 43% Off</a></strong></p>\n<p><img src=\"https://community-static.tradeup.com/news/be0283b695178d5d32f9e254ddc1d4a1\"></p></body></html>","text":"SPX is approaching key resistance at 7,299 while showing early divergence signals. IWM remains bullish but is starting to show initial momentum weakness, though trend structure is still intact. 1. $S&P 500(.SPX)$ Don't fight the trend until key levels are breached. The recent indecisive candle is suggesting to be an early signal as the Stochastic divergence continues to extend. It is a matter of when, not if. Next major resistance: $7,299, the \"Tom Lee Warning Zone\". 2. $iShares Russell 2000 ETF(IWM)$ Bullish until proven otherwise by the loss of key levels. In the meantime, watch the emerging bearish MACD cross. This signal preceded minor consolidations (A & B) and one deeper pullback (C). Current support at the volume shelf suggests a scenario similar to A or B. 😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance. 🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold! Hot Merch Returns · Up to 43% Off","highlighted":1,"essential":1,"paper":2,"likeSize":150,"commentSize":0,"repostSize":5,"favoriteSize":0,"link":"https://ttm.financial/post/561189241307960","repostId":0,"isVote":1,"tweetType":1,"viewCount":621,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[".SPX","IWM"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":835,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/561189241307960"}