This first chart suggests that the Intermediate Term downtrend that began on Nov 8th could retrace to IWM 222-225. In the unlikely event that IWM approaches the previous Wave 4 high (@226.54) expect to add a boatload of new puts as well as our next UVXY trade. IWM Intermediate Term Downtrend The wave count below doesn't care where this retracement ends as it is one degree higher and should be in control well into 2022 Bigger Picture
