$IWM Trading Range for Feb 3 2025

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IWM dropped right into the island gap at open, which was near 221 which is the bottom of a one standard deviation move off of last Friday’s close. So I think this is where we’re going to see bottom on the day that I’m not calling bottom for a larger downturn but for the day, yes a possible move back up to one hour to average which as you can see is still pointing down and we did drop back underneath it. So 221 is where I think we’ll see bottom of the day.

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LOL... ok then... exactly what I said, opened at the bottom and moved back to the 1hr 200... i'm getting pretty good at this!! 🙌🏼 I will go over this more in depth on tonight's video!!