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A Lot of Red But Little Downside for IWM

Written By: ChartChamp

September 25, 2024

IWM has experienced a lot of red since Thursday Sept. 19, but there has been little downside from $224.50 to $219 over the past few trading days. I think IWM is still holding strong here, but the price action doesn’t look as strong as the bullish narrative for small cap stocks. Maybe most of the hype is going to Altcoins in the crypto market, but we’ll see if IWM can start to form a rally here. For now there’s too much delays taking place and IWM hasn’t reached the $233.66 target yet.

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