IWM is not bullish and remains in a downtrend; rallies towards the 20 level are being sold. Direction for tomorrow is uncertain, leading to a wait-and-see bias.
BearishHe framed it in days
“Actionable Swing Trade Ideas for Oct 5 – Oct 9, 2026 | Market Update”
T3 LivePublished Oct 4 · 3 passages
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but the IWM is not so bullish. It's still in a downtrend. Last time, last couple times, we rallied towards the 20, we got sold, right? Rally towards the 20, got sold. Rally towards the 20, we'll find out probably by tomorrow or so.
Uh, the hour is trying to transition on the IWM. So, broke the downtrend trying to transition, but we closed weak. So, we'll find out probably by tomorrow whether we're higher or lower on the IWM.
But for now, it's a tough call because the rest of the market is bullish except for the IWM.
But wait and see on the IWM. That's my bias for tomorrow at least.
What this channel has said about $IWM
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2026-10-04BearishThis one
but the IWM is not so bullish. It's still in a downtrend.
2026-09-27
And then the IWM is the one that's been bearish. But I think the IWM might have bottomed on Friday because Thursday's bar, this bar, took out the prior low. Okay. And then the very next day, which was Friday, we took out the high of that bar. Sure, we didn't like close above it or put in a big green bar, but I think we might have actually bottomed on the IWM. We'll find out tomorrow. The hourly chart looks awful, unfortunately. So, we would really have to clear 284 uh or so at least Friday's high 28352 on the IWM before we called bottoms on it. But I have a you know, but it might might have bottomed. It's just I wish we had a better close on Friday instead of getting slammed into the close right here on the la last hour, last 15 minutes of the day. So, so we'll see. We'll see. But that's the only part of the market that's actually has been bearish.
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