The iShares Trust Russell 2000 Index Fund, traded under the ticker IWM, has newly calculated pivot points indicating potential market movement. Using the DeMark method, the pivot high has been determined at $187.25, while the pivot low is set at $182.33.
In market analysis, surpassing the pivot high often signals a bullish trend, suggesting that prices may continue to rise. Conversely, if IWM falls below the pivot low, it might indicate a bearish outlook, with possible further declines in the fund's value.
Investors and traders monitoring IWM will likely be paying close attention to these pivotal levels to inform their trading strategies and anticipate potential shifts in market sentiment. These calculated points serve as benchmarks for identifying possible breakout opportunities or areas of concern in the fund's trading pattern.
