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Russell 2000 Key Indicator Of Strength Of Rallies Or Selloffs

Published 08/23/2022, 02:47 AM
Updated 07/09/2023, 06:31 AM

IWM is technically perfect using price, moving averages, momentum, mean reversion, and leadership indicators.

IWM-Daily Chart

IWM is the key indicator to watch for the strength or weakness of rallies and selloffs.

FRO-Daily Chart

Frontline (NYSE:FRO) is a stock in the IWM basket, well outperforming and very interestingly set up.

ETF Summary

S&P 500 (SPY415.88 now resistance with support at 410

Russell 2000 (IWM) 192.50 the resistance with support at 190 then 188

Dow (DIA331.74 resistance and support at 335.94

Nasdaq (QQQ335.14 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.

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