The Long Investor
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$IWM
🕑 Added 2025-05-02 17:38:39 +0000 UTCUndoubtedly the Small Caps will be hit the hardest from the Tariff War and this was certainly felt at the start of April.
But we can see that the price can down to the 0.5 Fib at $170, which has been a support level since 2021 and held perfectly and bounced strong.
Price is already back to the 200 WMA now at $200 and the 50 WMA is higher at $220.
So there is a recovery here but we will also be looking for a test of the 50 WMA here too to decide its next direction.
There is a +20% jump here just back to ATH's but there will be significant blocks in the way for now, I believe if the Tariff mess can end quickly then $IWM can recover because I don't believe Wave 5 has completed here.
Comments
DiegoTheSabre17
Thanks Cap!
