IWM & - Technical bounce is likely
1. $iShares Russell 2000 ETF(IWM)$ - The weekly bearish signal from Thanksgiving played out as expected.
The daily and weekly shooting stars signaled the reversal, the gap has been closed, and the security is now testing the edge of the volume shelf with a potential reversal candle. $212 on the horizon if the shelf is lost.
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2. $.DJI(.DJI)$ - The Outlook for the Godfather of the Indexes was bearish last week🎯, and the latest candle suggests continuation. Will the 40-week MA be reached?
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3. $VanEck Semiconductor ETF(SMH)$ - All eyes on the 50DMA, the candle shows indecision but the oscillator suggests bearish continuation. If the purple line is breached $243 is likely.
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- KSR·2025-01-13👍LikeReport