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Increased volatility by index with declines in Nasdaq and semiconductor indices

Fallond Stock Picks ·

IWM
IWM iShares Russell 2000 Index Fund
$270.44 -1.69%
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  1. 1Russell 2000 closed with a bearish engulfing pattern in oversold conditions.
  2. 2Dow Jones Industrial Average and equal-weighted S&P each touched their 50-day moving averages.
  3. 3The Nasdaq support target of 20K for early 2027 is identified on the weekly chart.

So what's the key point?

Volatility increased as several stock market indices fell. A level where the Nasdaq index could hold support was identified on the chart.

Source Fallond Stock Picks · View original ↗

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