
Investors have been actively buying the dip in the stock market, with particular attention to the iShares Russell 2000 ETF ($IWM), which approached its 200-day moving average (200dma). A bull candle formed on $IWM today at the lower edge of the uptrend channel since the August lows and near the 200-day EMA, while also showing RSI bull divergence on the daily chart. The market saw a high TICK of +877 and bullish divergence in the Advance/Decline (AD) lines throughout the morning, while VIX futures turned negative. The Dow Jones Industrial Average ($DIA) led the major indexes, supported by a bullish RSI divergence into channel support. Despite these positive indicators, some investors remain cautious, noting that a real rebound might depend on falling interest rates, potentially influenced by a softer Consumer Price Index (CPI) report.
Bought the dip when we reclaimed 91k. https://t.co/xXSA1OgUFr https://t.co/LAJtlxXwqG
Noteworthy: The Dow Jones led the major indexes today, driven by a bullish RSI divergence into channel support. 🐂 $DIA https://t.co/nn9j99NZsj
Remember the dip? https://t.co/t9OnjlJX7e





