$IWM Analysis, Key Levels & Targets for Day Traders Feb 12

IWM Analysis, Key Levels & Targets for Day Traders Feb 12

So last Friday we saw the 35EMA go under the 30min 200MA and that was a bear signal with confirmation as we saw the 30min 200 as remittance and than a gap down away from it and a continuation of the 35EMA lower.

You can just look at the momentum going through this chart and see what’s happening here.

Wide range though.

50DMA taking us lower, technical bounce at the 1hr 200MA

Oversold and waiting for JPOW