QQQ & IWM are experiencing a Bollinger Band squeeze
1. $iShares Russell 2000 ETF(IWM)$
IWM is experiencing a Bollinger Band squeeze, raising the question of a potential breakout.
While the stochastic oscillator favors the bulls, the 20-DMA acts as resistance and must be overcome for bullish continuation.
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An indecisive candle has formed at the upper Bollinger Band, with the oscillator now in overbought territory.
Historically, similar setups have resulted in a move to either the 20-day MA (blue) or the lower Bollinger Band. Will this instance be an exception?
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