Our Live Trading Rooms Bring Together Thousands of Traders from Around the World!
IWM (Russell Small Cap ETF)-- On September 25th, my latest technical update on IWM, this is what we discussed:... We see that IWM remains ABOVE its sharply up-sloping 200 DMA, now at 275.68, which is ABOVE the dominant April 2025-present up trendline that cuts across the price axis in the vicinity of 272.20. As long as the IWM price structure remains above those "60-degree angled railroad tracks," I will maintain a cautiously bullish outlook for the Small Cap ETF.
If you've ever seen a building going up, then you well know that it's the site work and foundation first. The slab has to cure and pass inspection before anyone frames the first story on it. In a way, that is very similar to what has happened to FIVN in the past few months.Due to several different situations plaguing the stock, no floor was found for months. The negative headlines just continued to flow. A 2024 guidance cut on weak bookings, then layoffs: the first in company history in August 2024 and another round in May 2025.
With the market continuing higher today, we have now moved towards the 1.00 extension of the move off the recent lows, and have turned down. I have added a support box for you to track for continuation higher.To remind you again, it seems likely that this rally is taking shape as an ending diagonal. And, within ending diagonals, wave 3 targets the 1.236 extension of waves 1-2. So, I am expecting that we will hold over support and rally to the wave 3 target in the 7870SPX region.
Our Technical Analysts Share Their Expertise 24/7 on a Vast Range of Markets!
