$IWM Analysis, Key Levels & Targets for Day Traders for Sept 25
Ok, so I can’t make a video tonight :( My Wifi is down in my neighborhood because they are putting new lines in, and to make matters worse there’s a hurricane coming this way so it won’t likely be fixed until it passes so I can only do as much work as my hotspot will allow
The implied move for tomorrow is between 218 and 224. The 30day average volatility is 217-226 and the implied move on Thursdays contract is between 218 and 225.
We are right at the 30min 35EMA, it is literally right in the middle of out trading range, so keep an eye on that for direction. IWM is the only one trading underneath it’s 35EMA. Below that support is at 219 which is the gap bottom from FOMC.
Lot’s of moving average support underneath the trading range (1hr 200, 30min 200 and the 50DMA)
GL, y’all… I’ll keep you up to date on the wifi situation