IWM (iShares Russell 2000 ETF) - Sector: Broad Small-Cap ETF (Russell 2000)
Sentiment:
--Bearish (softening). Pre-market put volume eased, RSI 44 up from 42, X posts overnight hint at an oversold bounce despite tariff fears, suggesting a less dire tone.
Tariff Impact:
--Moderate. Industrials/financials exposure persists.
News/Catalysts:
--Consumer Credit (April 8) could spark a relief rally if strong; X posts on tariff delays offer faint hope, though bearish bias lingers.
Technical Setup
-Weekly Chart:
---HVN above as resistance, weekly low as support.
---Downtrend (8-week EMA < 13-week < 48-week).
---RSI 44 (less weak), MACD below signal (histogram narrowing)
---Bollinger Bands near lower band,
---Donchian Channels below midline,
---Williams %R -70 (easing from -74).
-One-Hour Chart:
---Support at yesterday’s low, resistance at midday high, weekly confluence.
---RSI 42 (up from 40),
---MACD below signal (histogram less negative),
---Bollinger Bands near lower band,
---Donchian Channels below midline,
---Williams %R -72 (up from -76).
-10-Minute Chart:
---Pre-market bounce attempt, 8/13/48 EMAs flat (less steep),
---RSI 42 (up from 38),
---MACD flat near zero.
Options Data:
---GEX: Bearish (softening)—pinning pressure eased slightly overnight.
---DEX: Bearish (softening)—put delta leads but less aggressively.
---IV: Moderate—25–30% vs. 20–25% norm, steady volatility.
---OI: Put-heavy—high OI below close persists.
---Directional Bias: Bearish (softening). GEX’s reduced pinning suggests less dealer-driven downside, DEX’s put delta bias weakens, moderate IV supports some volatility but not extreme moves, and put-heavy OI anchors prices lower—still bearish but with less conviction.
Sympathy Plays:
--TNA (Direxion Small Cap Bull 3X): Falls 3x if IWM dumps, rises if IWM rebounds.
--TZA (Direxion Small Cap Bear 3X): Gains if IWM dumps, fades if IWM rallies.
--Opposite Mover: IWM dumps → TZA rallies; IWM rallies → TNA surges.
Sector Positioning with RRG:
--Sector: Broad Small-Cap ETF (Russell 2000).
--RRG Position: Lagging Quadrant. Tariff/rate drag persists.
Top 5 Movers (Russell 2000): SMCI (+2%), MARA (+1.5%), RIOT (+1%), CVNA (+0.8%), PLUG (+0.5%).
Bottom 5 Movers (Russell 2000): AMC (-3.5%), RKT (-3%), UPWK (-2.5%), ZETA (-2%), RUN (-1.8%).
Sentiment:
--Bearish (softening). Pre-market put volume eased, RSI 44 up from 42, X posts overnight hint at an oversold bounce despite tariff fears, suggesting a less dire tone.
Tariff Impact:
--Moderate. Industrials/financials exposure persists.
News/Catalysts:
--Consumer Credit (April 8) could spark a relief rally if strong; X posts on tariff delays offer faint hope, though bearish bias lingers.
Technical Setup
-Weekly Chart:
---HVN above as resistance, weekly low as support.
---Downtrend (8-week EMA < 13-week < 48-week).
---RSI 44 (less weak), MACD below signal (histogram narrowing)
---Bollinger Bands near lower band,
---Donchian Channels below midline,
---Williams %R -70 (easing from -74).
-One-Hour Chart:
---Support at yesterday’s low, resistance at midday high, weekly confluence.
---RSI 42 (up from 40),
---MACD below signal (histogram less negative),
---Bollinger Bands near lower band,
---Donchian Channels below midline,
---Williams %R -72 (up from -76).
-10-Minute Chart:
---Pre-market bounce attempt, 8/13/48 EMAs flat (less steep),
---RSI 42 (up from 38),
---MACD flat near zero.
Options Data:
---GEX: Bearish (softening)—pinning pressure eased slightly overnight.
---DEX: Bearish (softening)—put delta leads but less aggressively.
---IV: Moderate—25–30% vs. 20–25% norm, steady volatility.
---OI: Put-heavy—high OI below close persists.
---Directional Bias: Bearish (softening). GEX’s reduced pinning suggests less dealer-driven downside, DEX’s put delta bias weakens, moderate IV supports some volatility but not extreme moves, and put-heavy OI anchors prices lower—still bearish but with less conviction.
Sympathy Plays:
--TNA (Direxion Small Cap Bull 3X): Falls 3x if IWM dumps, rises if IWM rebounds.
--TZA (Direxion Small Cap Bear 3X): Gains if IWM dumps, fades if IWM rallies.
--Opposite Mover: IWM dumps → TZA rallies; IWM rallies → TNA surges.
Sector Positioning with RRG:
--Sector: Broad Small-Cap ETF (Russell 2000).
--RRG Position: Lagging Quadrant. Tariff/rate drag persists.
Top 5 Movers (Russell 2000): SMCI (+2%), MARA (+1.5%), RIOT (+1%), CVNA (+0.8%), PLUG (+0.5%).
Bottom 5 Movers (Russell 2000): AMC (-3.5%), RKT (-3%), UPWK (-2.5%), ZETA (-2%), RUN (-1.8%).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.