IWM is at key technical support within an upward channel; potential bounce to 297 if momentum supports.
Bullish
“SPY Support Bounce Delivers As Yields Surge Past 4.8 Percent”
Verified InvestingPublished Sep 2 · 2 passages
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Even the IWM index rose today.
Speaking of which, there is another parallel upward channel on the IWM indicator in the daily timeframe. Look at this long-term upward parallel line dating back to the lows of April 2025 .
What was the price like yesterday? Directly to the 50% zone of the parallel line. What did he do today? recoil. And what else happened here? Another timing scenario is directly at the support level.
This is where we need to get the technical bounce. Now, if we get any momentum to support this, we could all the way up to 297 on the IWM index.
What this channel has said about $IWM
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2026-09-02BullishThis one
Even the IWM index rose today.