Price sits just 0.26% above the 200-SMA (277.19) but 4.5% below the 50-SMA (291.12), signaling a pullback inside a longer-term uptrend rather than a trend break. RSI(14) at 36.84 is near oversold without being extreme, and MACD at -3.43 is curling above its signal at -3.56 — an early momentum inflection, not confirmation. The 200-SMA is acting as the pivot: holding it keeps the long thesis alive; losing it opens air down to the next demand zone.
Tuesday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 5 long, 0 short. Trade your plan and manage risk first. Also screened: $ETHU, $SPY, $PG, $COHR, $CAT, $UNH.
5 of 5 plays
IWM is coiled right at its 200-day SMA (277.19) with price at 277.90, a classic make-or-break inflection where a reclaim attempt meets the trend line that defined the prior up-leg. The combined setup scores (trade-quality 86.4, profit-probability 78.0, inflection 75.6) argue the risk/reward asymmetry is skewed to the long side here.
EntryScale into 277.00–278.50 (around the 200-SMA), with confirmation add on a reclaim and close back above 280.00; avoid chasing strength into the 50-SMA.
TargetsFirst target 286.00 — mean-reversion toward the mid-range gap between the SMAs → Second target 291.00 — tag of the 50-SMA at 291.12 where sellers likely reappear
StopDaily close below 273.50 invalidates the 200-SMA hold, flips the structure from pullback to breakdown, and negates the MACD cross setup.
Educational only. Not financial advice.