iShares Russell 2000 ETF
Investment Thesis
IWM has broken out to 52-week highs ($298.18) on a golden cross, with small caps visibly outperforming SPY — the IWM/SPY ratio is above both its 50- and 200-day SMAs for the first time in over a year. Near-term stochastics are overbought and trend strength is weak (ADX 11.5), so the preferred entry is a pullback to the 50-day MA zone (~$282–285), not a chase at current levels.
Why It May Work
Why It May Not Work
Timeline
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