IWM broke key support and is below its 200-day moving average; the daily chart is weak. Its downside target is 269–270, from the Jan 22 high and Apr 17 gap. IWM likely must reach 270 before doing anything; that level is strong support where a bounce is likely, though it may not be the ultimate low.

I was not expecting uh this move, but now that it's here, uh IWM 269 to 270, we're short in the market now. Tough morning.

bonds selling off, rates going up, and IWM diving off a cliff below key support levels. 269 to 270. Usually I nail these. Usually, especially when IWM's doing bad, I

and IWM diving off a cliff below key support levels. 269 to 279. 270 is the target.

I was waiting for the IWM to really break down again and it certainly did, but I was in the queue so I didn't want to play them both. But I think IWM's coming straight down, Ben.

I guess we're going to my targets on IWM. I got to I got to be more aggressive on these uh put options.

What's interesting is TLT's been rebounding all morning, but the problem is IDM IWM. It just broke a key support level. That's the problem with IWM.

IWM at the lows. Geez.

someone asked what your expiration date for IWM is, and uh I'm playing tomorrow's I'm playing tomorrow's 274s and 276s.

there's a few Marll. I had mentioned IWM rejected.

Let's look at IWM. IWM. Same chart. Not looking good. I think that 270 target is still could be in play today, Ben. Or uh that you gave out.

Looks very clear on the charts. Look at this on the daily. Shooting below. When's the last time we did this below the 200? We shot below it here with a clear back in uh 22125 and it dipped pretty hard there from what is that like 213 to 170.

We're now shooting below well below the 200 day moving average. So wonder what's going to happen here with IWM if we can get a nice little bounce or what.

Yeah, but it's not a good look. No, I think it has to come down to that 270 area before it can do anything. And that if it does that's a very strong support area. I I would think at least initially it builds very strongly up.

look at the daily Ben. Daily is not looking hot. Yeah. That's where that's where I get the targets from. Look at it. It's such a clear target. Look at the line right here. This was 270.

Well, it's 269 to 270. Yeah. the high on January 22nd and then the gap here on April 17th and then the double uh double retest of that gap there at 26902 and then 26928. You draw a line right there.

You see it? This is such a magnet and it's also very strong support level. uh which yeah I I'm I'm not going to predict that it's going to you know per you know I'm not saying that's the ultimate low but at least approximate low with a bounce that day at 269 270 could be pretty strong and then you got to look at the fundamentals to see if u it'll break through it on a retest

Look at the Look at IWM. Like there's just no real pops. Every every little tick higher gets sold off.