IWM, the ETF tracking the Russell 2000 index, is exhibiting a noteworthy alignment with the parabolic SAR indicator, indicating a potential momentum shift or trend continuation. Given this alignment, investors should maintain a keen focus on IWM's price action and behavior. Moreover, the upcoming release of the Consumer Price Index (CPI) data may serve as a significant catalyst, potentially influencing market sentiment and driving further movement in IWM. As such, market participants should closely monitor both technical indicators and fundamental data to anticipate and respond effectively to potential price movements in IWM.
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