(GET READY). IWM's expected move today for FOMC

Wow guys look at today’s chart for FOMC for IWM. We had a really solid sell off after making new all-time highs after three years back on November 25 and that 35 EMA has been front and center. We did take it all the way back down to the 50 day moving average on the 30 minute timeframe we’re on the one hour timeframe and we’re bouncing on the 50 day moving average or at least holding above it that is also the two hour timeframe

Today between 227 to 235

The 35 EMA is right above us that’s definitely the first level.

If we get above that we do have the down gap from this Monday and the top of that gap is at 234.37
Then the top of the implied move is at 2:35 and 236 on Thursday’s contract then we do have an interesting cross of the 30 minute two moving average that is underneath the one hour to under average so that is a bear signal underneath us if we break the 50 day we do have The bottom of the move at 2:27 and 226 on Thursday’s contract. We do have a little bit of support that is just underneath that and it’s around 228 that goes back to around November 18 where we saw a few days before we rally to make new all-time highs so that could be a little to watch out for as well.