Trade Ideas

The day's top plays with bias, levels and the thesis. Posted before the open every market day.

5 of 5 plays

IWM is pinned almost exactly on its 200-SMA (278.72) at 279.33, with the 50-SMA just overhead at 284.27 — a classic inflection where a reclaim or loss of the long-term trend line will set the next directional leg.

Price sits only 0.22% above the 200-SMA, defining a razor-thin line between trend recovery and breakdown. RSI at 49.38 is mechanically neutral but tilting constructive, while MACD at -0.93 above its signal at -2.21 shows negative momentum compressing and turning higher. The overhead 50-SMA at 284.27 caps the tape and must be reclaimed to confirm the long bias; until then, price is consolidating on the pivot.

EntryPreferred accumulation zone 278.75-280.00 on constructive action off the 200-SMA; add-on trigger on a reclaim and hold above the 50-SMA at 284.27.

Targets284.27 (50-SMA reclaim test) → 289.50 (extension above the 50-SMA)

StopDaily close below 276.50 invalidates the long thesis — it would mark a decisive loss of the 200-SMA and flip the structural bias lower.

Members · Option plays & levels

Strikes, expiries and the exit plan for each play.

Free 7-day trial on signup.

Start your free trial →View membership

Get the playbook in your inbox each morning.

Strikes, expiries and the exit plan for each play.

Past playbooks