IWM Daily: Bullish Signals vs. Wednesday's Weakness (Eyes on $195)

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IWM Daily: Bullish Signals vs. Wednesday's Weakness (Eyes on $195)

$iShares Russell 2000 ETF(IWM)$ Teeters: Bullish Signals vs. Wednesday's Weakness (Eyes on $195)

The IWM's volume base provided strong support, helping the index reclaim the 10 DMA and generate a bullish stochastic crossover – positive signs for potential upward momentum.

However, a Wednesday Wobble Casts Doubt

The caveat? Wednesday's price action closed weak, hinting at a possible decline on Thursday. Tomorrow's close will be crucial in determining whether the index retests the edge of the volume base. Worth noting: The Bearish Crossover between 20 and 50DMA.

Key Support Level: $195

A break below the volume base could signal a rapid downward move. Keep a close eye on $195, which becomes a critical support level to watch.

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https://twitter.com/SmartReversals/status/1783260087986823398

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NewmanGray
·04-25
Key support at $195. Keep an eye on it.
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TracyArabella
·04-25
Tomorrow's close will be important to determine the index's next move.
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Xiia
·04-25
Interesting analysis on the iShares Russell 2000 ETF (IWM).
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Wednesday's price action closed weak, hinting at a possible decline on Thursday. Tomorrow's close will be crucial in determining whether the index retests the edge of the volume base. Worth noting: The Bearish Crossover between 20 and 50DMA.Key Support Level: $195A break below the volume base could signal a rapid downward move. Keep a close eye on $195, which becomes a critical support level to watch.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/c8da93a43a2f848f1a3163810f24babf\" tg-width=\"680\" tg-height=\"386\">Imagehttps://twitter.com/SmartReversals/status/1783260087986823398</body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\"IWM\" class=\"teditor-mention\" data-mention-name=\"iShares Russell 2000 ETF\" href=\"https://ttm.financial/S/IWM\">$iShares Russell 2000 ETF(IWM)$</a> Teeters: Bullish Signals vs. Wednesday's Weakness (Eyes on $195)The IWM's volume base provided strong support, helping the index reclaim the 10 DMA and generate a bullish stochastic crossover – positive signs for potential upward momentum.However, a Wednesday Wobble Casts DoubtThe caveat? Wednesday's price action closed weak, hinting at a possible decline on Thursday. Tomorrow's close will be crucial in determining whether the index retests the edge of the volume base. 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Worth noting: The Bearish Crossover between 20 and 50DMA. Key Support Level: $195 A break below the volume base could signal a rapid downward move. Keep a close eye on $195, which becomes a critical support level to watch. 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