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How High Can The Russell 2000 ETF (IWM) Bounce

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Shares of the Russell 2000 ETF (IWM are bouncing for the second day in a row. The big question is, what is the bounce target? To answer this we turn to technical analysis. This epic collapse in the Russell 2000 started at $169 on February 20th, 2020. By March 19th, 2020 it tagged $95.50. This was an huge collapse of 43.50% in one month. A drop of this magnitude, this quickly is almost unheard of. In any case, the collapse percentage does give us some great information technically. When we do our Fibonacci retrace lines, we find that a 38.2% retrace is near $124.00 (current price is $111.00). In addition there is a major gap fill $126.00. When two major technical levels are so close together, it gives investors a good idea that will be an ideal target near-term.

To summarize, the Russell 2000 ETF (IWM) will likely bounce to $124-$126 in the coming weeks before stalling and possibly turned back down.

Check out the chart below... https://inthemoneystocks.com/how-high-can-the-russell-2000-etf-iwm-bounce/

Gareth Soloway
Chief Market Strategist

How High Can The Russell 2000 ETF (IWM) Bounce - In The Money Stocks

Sindhuja, 00:15
Hey Bryan, I understand that you want Ravi to find out the platforms and people who interviews on Stock market. then reach out to them using your email address with the draft given by you. While we continue this task, we need to create a google sheet to track the companies or shows we contacted, track their responses basically everything up to date

So, Ravi can research this for you but is this limited to any particular location or anywhere in US? 

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