$IWM - Shooting Star Confirmed, and $220 is Broken
$iShares Russell 2000 ETF(IWM)$ - Shooting Star Confirmed, and $220 is Broken
That S/R level to watch was shared during the weekend, in addition there is a bearish crossover in the Stochastic, which without exception it has completed the move to oversold levels, even after a momentary bounce in July.
Will this time be different?
For now, the candle suggests bearish continuation, and $215 is the next support to test (20DMA in confluence with a S/R level).
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $E-mini S&P 500 - main 2412(ESmain)$ $E-mini Nasdaq 100 - main 2412(NQmain)$
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Is a Support line that is calculated every week for IWM and 14+ other securities in the publication, once that "weekly central level" is breached, most of the times the security has turned to bearish mode.
That is a central level because there are support and resistance levels below and above it. They are updater every week for subs and I said on Saturday that the central level for IWM and $NASDAQ 100(NDX)$ were going to be public for this week. That was not too many tweets ago.
https://x.com/SmartReversals/status/1839054743479386153
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- YueShan·09-27Good ⭐️⭐️⭐️LikeReport