StockCharts TV on $IWM (Nov 4, 2026)
IWM closed above its 50-day moving average for the first time in two months, good news, but has not cleared resistance near 285-286. The speaker expects a break above 285 and would take a close above it as confirmation.
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I want to see the IWM fund close again above the 285 or 286 level or so . Because the peak of the reaction, going back to the 20-day moving average in early October, was at approximately the 285 level.
Recently, when we tested the 50-day moving average, we reached a close at 285 . Today, we rose above 286 during trading , but closed at 284. Now, we have managed to close above the 50-day moving average for the first time in two months.
This is good news. But the bad news is that we haven't broken through price resistance. We need to break above the 285 level. I think that's coming, but that would be confirmation for me.
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