$IWM Analysis, Key Levels & Targets for Feb 18

Welcome back, y’all. We just had a 3 day weekend so we got an extra day of theta burn if you had any spreads on over the weekend.

Holy Battling Momentum here.

Downward Facing 50DMA and 30min 200 - that is what hit us on Friday!! So watch for that, as we probably aren’t going to be flying past that level too far while it’s still turned downward.

35EMA in the red with the 1hr 200MA as support