IWM Analysis, Key Levels & Targets for Day Traders for Feb 7 2025Another attempt to get above the 50 Day moving average here.
The 50 day moving average is pointing down so I wouldn’t go long here until it is turned… more likely to trade flat along it for the moment.
Just above use we have 230 where we have been seeing resistance.
Quite a large trading range today - 1.62% not sure if we will use it all with this momentum but lets see..
232 is the top of the implied move
225 on the downside
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