The iShares Trust Russell 2000 Index Fund (IWM, Financial) is currently under the spotlight as its pivot points, calculated via the DeMark method, highlight potential bullish and bearish trends. The pivot high is set at $189.56, while the pivot low is noted at $186.01.
Market analysts typically see a breakout above the pivot high of $189.56 as a bullish signal, suggesting a potential upward trend for IWM. Conversely, if the price dips below the pivot low of $186.01, it may indicate a bearish outlook, pointing to a potential decline in value.
Investors and traders often monitor these pivot points closely to inform their trading strategies and make informed decisions regarding buying or selling the fund. The movements around these pivot levels can provide critical insights into the fund's market direction.
