Russell 2000 Key Indicator Of Strength Of Rallies Or Selloffs
Michele Schneider | Aug 23, 2022 02:47AM ET
IWM is technically perfect using price, moving averages, momentum, mean reversion, and leadership indicators.
IWM is the key indicator to watch for the strength or weakness of rallies and selloffs.
Frontline (NYSE:FRO) is a stock in the IWM basket, well outperforming and very interestingly set up.
h2 ETF Summary/h2S&P 500 (SPY) 415.88 now resistance with support at 410
Russell 2000 (IWM) 192.50 the resistance with support at 190 then 188
Dow (DIA) 331.74 resistance and support at 335.94
Nasdaq (QQQ) 335.14 first level of resistance and support at 329.66.
KRE (Regional Banks) 66.24 resistance, support level at 64.27.
SMH (Semiconductors) 229.51 resistance and support at 225.75.
IYT (Transportation) 241.66 resistance and support at 238.40.
IBB (Biotechnology) 125.33 resistance point and 126.40 is support.
XRT (Retail) 69.22 resistance point and with support is at 66.34.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.