IWM Analysis by @tradingtitan9586

Total Quality
Score
205.71
195.1800000000
229.92
IWM
1H
Pending
Free
Analysis Predict Bull Market
stock
Technical
The video provides a technical analysis of SPY, QQQ, AAPL, IWM, and VIX. It notes that SPY closed above a key level of 592. While the larger time frames show bearish rising wedge, the smaller frames show inverse head and shoulder patterns. A breakout above a neckline with a retest targeting $597 is shown with an invalidate at $573. Triple Q's also closed above a key level of $522. A similar set up shows that a breakdown of the rising wedge isn't holding, with the potential to invalidate and inverse. The video claims AAPL will lead the next rally due to a gap at 220, forming a triple bottom with a target around 213.5. Finally IWM forming head and shoulders and break this trend line heading for $240 in the longer run. and if this cant hold he see this going to $188. The VIX also sees that there is bullish activity with the VIX, targeting the $17 range. All of these point to a 70-30 more bullish trend. And notes the importance for market digestion after the speech
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