OnlyFibs
Sep 19, 10:51 PM
$ITW | Illinois Tool Works Inc. (Industrial Products & Engineered Equipment ⚙️🏗️)
$ITW is retesting the primary lower trendline boundary of a multi-month rising wedge/channel structure near
$267.00–
$268.20. Price is compressing right at the
$268.00 volume shelf, holding above key demand at
$260.00–
$261.20. A push out of this lower support zone sets up an initial retest of
$280.00, with a full channel expansion targeting previous highs near
$303.00–
$310.00.
Options flow erupted with a massive
$1M single sweep in the 11/20/2026
$280 Calls (
$5.40 ask price | 1,903 contract size | opening unusual flow).
Key Levels for Bulls & Bears:
• Bull Reclaim Trigger:
$268.20 /
$275.00
• Overhead Targets:
$280.00 /
$292.00 /
$303.00
• Critical Pivot Support:
$260.00
• Downside Risk Levels:
$251.00 /
$244.00
Options Flow Breakdown:
• 11/20/2026
$280 Call (BUY Ask Sweep |
$1.0M Premium | Opening)
#ITW #optionsflow #technicalanalysis #swingtrading #hovdid
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