First Fellow
2026.07.07 01:05

$IWM is the cleanest way to play the Mag 7 rotation.

H1 2026:

$IWM +23%

Mag 7: 0%

Russell 2000 Q2 beat rate: 68%

Forward P/E: ~18x vs SPY ~22x

Why it works?

70% domestic revenue

Earnings growth forecast: 48% vs S&P 500 at 24%

The levels (options + price):

$300 = resistance (call wall, 78K OI)

$292-$294 = current demand zone

What is my trade?

- Above $300 on volume will give us breakout.

- $292 to $300 is range trade, buy dips, sell rips

- Below $288 means, thesis break, cut or hedge.

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