$IWM, the iShares Russell 2000 ETF, has shown a notable rebound after bouncing off its 200-day moving average (200dma) and is currently up 3% in premarket trading. The ETF has moved from $220 to $226, indicating a positive trend following recent bullish signals. Analysts suggest that the ETF's performance is closely tied to economic data and Federal Reserve actions, with expectations for a potential further rebound if interest rates decline. The ETF's recent activity has also been characterized by a bull candle formation and a positive relative strength index (RSI) divergence, which may suggest continued upward momentum. As of January 15, the ETF is testing a pivotal resistance level at $227, following a 2.8% increase since its last notable low.