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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.