IWM Technical Analysis and GEX Insights for Jan. 22

Technical Analysis
* Trend: IWM shows an upward momentum with a breakout above the previous resistance level at $227.

* Support and Resistance:
* Immediate Support: $227, previously a resistance level, may now act as support.
* Major Resistance: $230 is the next significant resistance level, aligned with the GEX 2nd

CALL Wall.
* Critical Support: $226 acts as a safety zone, below which the bearish sentiment might strengthen.

* Indicators:
* MACD: Positive momentum; however, the histogram shows slight consolidation.
* Stochastic RSI: Overbought zone, indicating caution for long entries in the short term.

Gamma Exposure (GEX)

* Key Levels:
* Highest Positive GEX (Call Resistance): $230 – Major resistance zone, where call option sellers may cap upward movement.

* Support Levels:
* $227: The 3rd CALL Wall level offering intermediate support.
* $226: HVL level aligned with GEX support zones.

* IVR & Sentiment:
* Implied Volatility Rank (IVR): 14.7 - Low IV, suggesting cheaper option premiums.
* GEX Sentiment: Positive skew with minimal PUT protection, indicating bullish sentiment overall.

Trading Plan
* Bullish Setup:
* Entry: Above $227 with volume confirmation.
* Target: $230.
* Stop-Loss: Below $226.

* Bearish Setup:
* Entry: Below $226 with high selling volume.
* Target: $224-$222 range.
* Stop-Loss: Above $228.

Disclaimer
This analysis is for educational purposes only. Always conduct your own due diligence and manage risk appropriately before trading.