May 18, 2020

IWM Can Lead the Way

IWM is a market to watch as we start to bounce. The SPY also has major resistance but we can potentially see that resistance fail if IWM starts to charge up next week. So far today, we are seeing very bullish activity and IWM has been a leading indicator for the markets as of late. I would suspect if demand continues to funnel in on the potential sharp “V” reversal in IWM, it might be a really nice upcoming week for the bulls.
 
Play the video below to see what I mean:
 

Grab a free day pass to one of our live signal trading rooms today>>http://bit.ly/nl-freepass

 
Follow me on Twitter @DiscipleOfTrend

about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp/swing trading. A patient educator, Charles excels at coaching/mentoring and can make complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

Read Similar Articles

https://www.prospertrading.com/bezos-is-selling-amazon-stock-should-you-care/Bezos Is Selling Amazon Stock. Should You Care?
August 5, 2026

Bezos Is Selling Amazon Stock. Should You Care?

Jeff Bezos just sold 15 million shares of Amazon (AMZN) and the headlines are everywhere. Scott Bauer joined Business First AM to cut through the noise and give his honest take on whether this move should change anything for investors.

Read Article
https://www.prospertrading.com/bauer-amd-schwab-080526/How Scott Bauer Is Playing the AMD Hit
August 5, 2026

How Scott Bauer Is Playing the AMD Hit

AMD is under pressure today and Scott Bauer sees an opportunity in the selloff. He joined Schwab Network to walk through the trade he is putting on and share why he is feeling cautious about the broader market right here.

Read Article
https://www.prospertrading.com/charlie-moon-big3-080426/Schwab Network’s Big 3 with Charlie Moon
August 4, 2026

Schwab Network’s Big 3 with Charlie Moon

Charlie Moon joined Schwab Network’s Big 3 segment with a tech reversal play, a cybersecurity breakout, and an unconventional bet on gold.

Read Article

Read Similar Articles

July 15, 2026

The Fed, Oil, and What Earnings Season Really Means

Scott Bauer joined the IBKR Podcast this week to break down what moved markets last week and what investors need to watch heading into the next stretch of earnings season. From lagging inflation data to big tech CapEx concerns, Scott did not hold back.

Read Article
July 5, 2026

The Week Ahead: Happy 250

The Dow rose more than ​1% to a record closing high on Thursday ahead of the long holiday weekend as a softer-than-expected U.S. ‌jobs report eased worries about interest rate hikes, while another sharp drop in chipmaker stocks weighed on the Nasdaq. The second half of 2026 kicked off this week much the same as […]

Read Article
June 28, 2026

The Week Ahead: Darn Inflation

A renewed sell-off in technology stocks grabbed headlines this week. The Nasdaq index fell 4.5%, closing lower 5 days in a row, led by a large 5.5% decline in the so-called Magnificent 7 mega cap names. Meanwhile, the post IPO exuberance around SpaceX appears to be fading, with shares now down 25% from their peak. […]

Read Article