iShares Russell 2000 ETF
Short
Updated

$IWM Analysis, Key Levels & Targets for Day Traders for Feb 10

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IWM Analysis, Key Levels & Targets for Day Traders for Feb 10 2025

This is a bearish game board here.

We are under the 50DMA, we are under the 30min 200MA, and the 35EMA has gone bearish here. We have a red signal line.
Expected move 222-229

Interesting. 🤔
Trade active
We did get the follow through here with the bearish signal. You can see we had resistance at the 30min 200MA.
Trade closed: target reached
So rejected at the 30min 200MA, then gapped down to the 1hr 200 which still has some upward momentum.

35EMA is underneath the 30min 200 which is a bearish signal until that crosses back up.

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