Price sits only 1.23% above the 200-SMA, so the 279.09 line is the structural pivot that defines the longer-term regime. The 50-SMA at 281.84 is now acting as near-term support, and holding above this stack keeps the tape constructive. RSI at 53.87 shows improving but not overbought momentum, leaving room to extend, while the MACD cross from deeper negative territory signals a momentum inflection rather than an exhausted move. The thin 2.75-point gap between the two SMAs means a decisive break either way should resolve the range quickly.
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: $META, $AMZN, $QCOM, $DELL, $WMT, $QQQ.
5 of 5 plays
IWM is coiling just above its 50-SMA (281.84) and 200-SMA (279.09) with price at 282.51, marking an inflection where the short- and long-term trends are converging into a tight stack. MACD (-0.71) has crossed above its signal (-1.16) while RSI (53.87) pushes through the midline, suggesting momentum is turning up from a reset.
EntryPreferred entry on a pullback into the 281.80-282.00 shelf (50-SMA retest), or a momentum add on a confirmed close above 284.00 that clears the current coil.
TargetsFirst target 287.50 — measured extension above the SMA stack and prior minor supply → Second target 291.00 — next swing objective if MACD expansion continues and RSI pushes toward 65
StopInvalidation on a daily close below 278.80, which would break the 200-SMA (279.09) and negate the long thesis by flipping the longer-term trend back to neutral/negative.
Educational only. Not financial advice.