$IWM Analysis, Key Levels & Targets for Today & Monday

Today’s expected move in IW is between 227 and 232 which is a 1.19% move. We are sitting right at the 35 EMA, which has been a support level however we do have a downward facing one hour to average that we need to meet up with and turn back around, that is a really real target and that four hour moving average is there well they meet up around 225 so 225 could be a really great support level. We also have the 30 minute moving average underneath that and just the fact that it is underneath those two levels is a bar signal and above us. We do have the 50 day moving average, which we did see as resistance on Tuesday Wednesday.