IWM Analysis, Key Levels & Targets for Day Traders Feb 14Alright. So futures are taking this right to the 50DMA at open which is facing down. Let’s see if we get smacked by it.
A good general rule of thumb is don’t go long at downward facing moving averages since it is a measure of momentum - let’s see how it goes. Top of the implied move on the day is 229, and the bottom is 223…
Lets gooooo…
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