Steve Miller on $IWM (Nov 6, 2026)
IWM is neutral now after a significant short-term rise and decline; its medium-term indicators are slightly bearish and neutral. It is only slightly downward despite the large drop because the move is at its beginning; a shift from slightly downward to downward would signal weakening.
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Now, remember that the Dow Jones and IWM indices experienced significant upward movements in the short term and then declined. Therefore, they are in a neutral position at the moment.
On a medium-term basis, these indicators are slightly bearish and neutral for IWM. The reason it is only slightly downward despite the large drop we have seen is that we are still at the beginning of the move.
When you start to see deterioration here and the situation shifts from slightly downward to downward, you will know that things are getting weaker.
What this channel has said about $IWM
Steve Miller has 7 calls on this stock; only the adjacent ones are shown.