Steve Miller on $IWM (Nov 7, 2026)
IWM is currently neutral after big short-term gains and a pullback, and slightly bearish to neutral on a medium-term basis. The Russell index is at its lowest point; a bounce and a slight recovery may follow once this decline ends, but it most likely will not go anywhere and will resume moving down.
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What you can see here is that the Russell index is now hitting its lowest point. That indicator may get a bounce, but it will then enter a recovery phase that may lift the market slightly after this decline ends, but it will most likely not go anywhere and will start moving down again.
Now remember that the Dow Jones and IWM indices made some big short-term gains and then pulled back. Therefore, they are currently in a neutral state. On a medium-term basis, these stocks are slightly bearish and neutral with respect to the IWM index.
What this channel has said about $IWM
Steve Miller has 7 calls on this stock; only the adjacent ones are shown.