$IWM, the small-cap ETF, is experiencing significant volatility and underperformance compared to $SPY, the S&P 500 ETF. It has hit century-lows relative to $SPY, struggled to rally despite rate drops, and is now flat to $SPY since inception. Traders are closely monitoring $IWM's movements, with some calling for defense of the 200 support level. The index is currently trading below $200, with small caps leading the downside. Despite attempts to fill gaps and potential intraday bounces, $IWM remains weak and is now down on the year while large caps are up. Traders are adjusting positions and strategies to navigate the challenging market conditions.
Small cap stocks are now down on the year while Large caps are still up 12.5%. $SPY $IWM Video: https://t.co/gLIFlG7mZ6 https://t.co/cHORxPew79
$IWM almost green
$IWM quickly trying to fill the gap and could be a pivotal reversal day after finally got that flush under 200 key support which is still the highest gamma put wall
Added another piece of $IWM September calls to position at the ideal 200 support level been patiently waiting for. Scaling into longer term play so dont care about short term wiggles
$IWM is about to trade outside the lower Bollinger Bands today. Pretty rare. Big tell that it didnโt rally with rates going lower last few wks. Now rates headed higher it is getting slammed. With that said, worth trying to see if it can get an intraday bounce here or tomorrow.
$IWM is about trade outside the lower Bollinger Bands today. Pretty rare. Big tell that it didnโt rally with rates going lower last few weeks. Now rates headed higher it is getting slammed. With that said, worth trying to see if it can get an intraday bounce here or tomorrow.
$IWM Small caps leading to downside as traders wrestle with higher for longer. 200 day sits at 191 area.
$IWM back under $200 https://t.co/gwYbV4HTQE
$IWM Small caps remain weak. Can't break the downtrend still 100D some support... https://t.co/OySXXTiRq1
$IWM weekly, still looking okay https://t.co/oKj5JP7NOs
The relative weakness from small caps has been unbearable lately... May gap fill looking inevitable ๐งฒ $IWM https://t.co/hM8BJUn5Rc
$IWM calls already up 20% lol, might have to leg into some spreads or sell front month for a diagonal
$IWM now flat to $SPY since its inception (May 2000) https://t.co/wtBnxB07tV
The divergence between $SPY and $IWM is just wild.
$IWM couldnโt go up when rates dropped. $IWM getting slammed when rates pop. Bulls need to defend 200 stat. This index just canโt seem to get it going.
More century-lows for $IWM vs $SPY https://t.co/XMWDeTq8g2