iShares Russell 2000 ETF
Investment Thesis
IWM stalled precisely at its 52-week high ($292.03) as MACD momentum collapses to near-zero and market breadth deteriorates sharply — while the equity put/call ratio falls to 0.49, a contrarian extreme-greed warning. A pullback toward the 50-day MA (~$273) appears to be the higher-probability near-term outcome.
Why It May Work
Why It May Not Work
Timeline
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