OnlyFibs
$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
