As of April 30, 2026, IWM (iShares Russell 2000 ETF) is in a uptrend state on the monthly chart, with a confidence level of 78%. Key support is at $250 and key resistance at $280. Strong monthly continuation to new swing high near $280 after a brief pullback; price $277.93 is extended above rising EMA50 ($214.44) and EMA100 ($191.09) with RSI ~67.9.
Bullish continuation: wave (5) / late-cycle advance extends after the breakout; a pullback holds above prior breakout zone then pushes to fresh highs.
Deeper monthly digestion: volatility expansion top attempt; price mean-reverts toward the rising EMA20/EMA50 zone (Fibo 0.382–0.50 of the latest leg) before trend decision.
Monthly close above $280.00
Monthly close below $235.00
Buy-the-dip plan around prior breakout/round-number support ($250–$260), then deeper adds at the last swing support ($235–$245), with heavy adds near EMA50 (~$214) / larger pullback zone.
Trim into upside extensions where price is increasingly stretched vs EMA50/EMA100 and likely in a late Elliott-wave (5) zone; escalate trims as momentum gets euphoric and distance from long MAs widens.
As of April 30, 2026, IWM (iShares Russell 2000 ETF) is in a uptrend state on the monthly chart with 78% confidence. Strong monthly continuation to new swing high near $280 after a brief pullback; price $277.93 is extended above rising EMA50 ($214.44) and EMA100 ($191.09) with RSI ~67.9.
On the monthly timeframe, IWM has key support at $250 and key resistance at $280. The most likely scenario (bullish) targets $295 and $315, with a revert level at $255.
IWM (iShares Russell 2000 ETF) is currently classified as uptrend on the monthly chart, with 78% confidence. Confirmation requires: Monthly close above $280.00 This would be invalidated by: Monthly close below $235.00
The most likely scenario (bullish) targets $295 and $315, with a revert level at $255. The alternative scenario (bearish) targets $235 and $214.
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