IWM has been on fire lately.
Today, the 35EMA crossed into the green side of the trading range. That doesn’t happen to often. If you watched the video you know what I’m talking about. So lets see it that is a signal for a pull back from here.
The implied move for tomorrow is between 224 & 229, and 223 to 230 on Fridays contract…
The previous resistance at 225, we gapped over it today, and if we drop that could be a support now and the 35EMA is just underneath as well. The gap at the bottom of the trading range tomorrow could be a buy the dip zone on the day.
GL tomorrow, y’all
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