The iShares Trust Russell 2000 Index Fund (IWM, Financial) has defined critical pivot points that could signal future price movements. Currently, the Pivot High is set at $192.88, while the Pivot Low is marked at $187.21. These pivotal figures are derived from the DeMark method, a widely recognized technique in market analysis.
Traders often interpret a move above the Pivot High as a bullish signal, suggesting potential for upward momentum. Conversely, if the price drops below the Pivot Low, it might indicate a bearish trend, pointing towards a possible decline. Monitoring these levels could provide valuable insights for investors observing IWM's performance as it navigates the market landscape.
