The video analyzes the iShares Russell 2000 ETF (IWM) using monthly and weekly charts. It identifies key resistance and support levels at 241.40 and 161.99 respectively. The IWM is currently trading within a wide range, moving between 213.52 and the next target of 238.45 to 241.40 over the next several weeks to 2 or 3 months, with a channel bottom identified around 207.55. A close above 225.69 this week could indicate upward continuation. Failure to maintain above that level could lead to a drop to 192.11 to 161.98. The overall outlook suggests rangebound price action, influenced by potential tariffs. If the stock closes below the target of 207.55 this invalidates the analysis.