Russell 2000 · week 20 of a buy signal
IWM ETF (Russell 2000): buyers vanish and the record slips away
Our view last week
The IWM, the Russell 2000 ETF, hands back in seven days the step it won last week: the MACD histogram slips below zero, the crossover turns bearish and price leaves the record, now 1.71% lower. Weekly technical analysis of US small caps still reads constructive — moving averages aligned, a 14.80% gain since the buy signal — on a basket no sector dominates: healthcare, the heaviest, stops below 18%.
This week's summary
The IWM, the Russell 2000 ETF, closes a second week of retracement and slips 3.09% below its own record. The tell is in the volumes: buyer participation has gone from 99% to almost nil in the space of 4 weeks, and weekly price action has turned lower with 4 warnings out of 9. Price now rests on the 50-day average, after the rejection at the references just above. Technical analysis of a US small cap basket no single sector dominates, on a trade setup deep into its cycle.
IQS Phase
22
compressed / accumulation
Signal Strength
32
medium · weak
ATH distance
3.19%
3.19%
KPI 4
0/3
Trade P&L %
+13.18%
from signal to date, no stop loss
restricted Platinum content