IWM Technical Analysis and GEX Insights (1-Hour Timeframe)
Current Overview
* Price: IWM is trading at 226.91, showing consolidation within a narrow range.
* Trend: The price remains range-bound, testing both support and resistance levels.
* Market Note: Be cautious of potential gaps or momentum shifts at the market open. The current analysis may require adjustments once trading begins. Feel free to reach out for updates post-open.
Technical Analysis
1. Key Levels:
* Support:
* 225.21: Immediate support level, critical for short-term stability.
* 220.00: Major support, aligning with high negative gamma exposure.
* 215.00: Key put wall and significant downside support.
* Resistance:
* 229.63: Immediate resistance, likely to be tested with bullish momentum.
* 230.94: Key level, marking the upper trendline and strong resistance.
* 235.00: A potential breakout target if momentum strengthens.
2. Momentum Indicators:
* MACD: Showing mild bullish divergence but still neutral.
* Stochastic RSI: High, indicating potential overbought conditions in the short term.
3. Volume:
* Volume remains moderate, reflecting cautious market sentiment in the range.
4. Trendlines:
* The downward-sloping trendline above 229.63 acts as a dynamic resistance level.
GEX (Gamma Exposure) Insights
1. Gamma Walls:
* Call Walls:
* 230.94: Significant resistance with high positive gamma exposure.
* 235.00: Next major resistance level for a breakout scenario.
* Put Walls:
* 220.00: Strong support aligned with significant negative gamma.
* 215.00: Critical downside level to watch for bearish continuation.
2. IVR and Options Flow:
* IVR: 16.3, indicating relatively low implied volatility.
* Calls vs. Puts: Calls account for only 11%, showing neutral to bearish sentiment.
* GEX Direction: Leaning neutral, with slight bearish undertones.
Market Direction Scenarios
1. Bullish:
* A breakout above 229.63 could push prices toward 230.94 and possibly 235.00 with strong momentum.
2. Bearish:
* Failure to hold 225.21 may lead to a test of 220.00 and lower levels near 215.00.
Key Notes
* Price action may change drastically at the market open, potentially creating gaps or trend shifts. Keep a close eye on premarket data and initial moves after the bell.
* If you’d like updated levels and insights following the open, feel free to message me directly.
* Price: IWM is trading at 226.91, showing consolidation within a narrow range.
* Trend: The price remains range-bound, testing both support and resistance levels.
* Market Note: Be cautious of potential gaps or momentum shifts at the market open. The current analysis may require adjustments once trading begins. Feel free to reach out for updates post-open.
Technical Analysis
1. Key Levels:
* Support:
* 225.21: Immediate support level, critical for short-term stability.
* 220.00: Major support, aligning with high negative gamma exposure.
* 215.00: Key put wall and significant downside support.
* Resistance:
* 229.63: Immediate resistance, likely to be tested with bullish momentum.
* 230.94: Key level, marking the upper trendline and strong resistance.
* 235.00: A potential breakout target if momentum strengthens.
2. Momentum Indicators:
* MACD: Showing mild bullish divergence but still neutral.
* Stochastic RSI: High, indicating potential overbought conditions in the short term.
3. Volume:
* Volume remains moderate, reflecting cautious market sentiment in the range.
4. Trendlines:
* The downward-sloping trendline above 229.63 acts as a dynamic resistance level.
GEX (Gamma Exposure) Insights
1. Gamma Walls:
* Call Walls:
* 230.94: Significant resistance with high positive gamma exposure.
* 235.00: Next major resistance level for a breakout scenario.
* Put Walls:
* 220.00: Strong support aligned with significant negative gamma.
* 215.00: Critical downside level to watch for bearish continuation.
2. IVR and Options Flow:
* IVR: 16.3, indicating relatively low implied volatility.
* Calls vs. Puts: Calls account for only 11%, showing neutral to bearish sentiment.
* GEX Direction: Leaning neutral, with slight bearish undertones.
Market Direction Scenarios
1. Bullish:
* A breakout above 229.63 could push prices toward 230.94 and possibly 235.00 with strong momentum.
2. Bearish:
* Failure to hold 225.21 may lead to a test of 220.00 and lower levels near 215.00.
Key Notes
* Price action may change drastically at the market open, potentially creating gaps or trend shifts. Keep a close eye on premarket data and initial moves after the bell.
* If you’d like updated levels and insights following the open, feel free to message me directly.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.