On Thursday IWM closed on its low tick of the day, 177.07. Today the index gapped higher and is so far holding on to some meager gains. This rally could continue all day and into next week, or, it can give it all back at any time. The key level to watch is now yesterday's low/close. If IWM backs down below 177, with any conviction at all, it could setting up for a massive sell-off next week. IWM TRADE MANAGEMENT On a breakdown below Thursday's close, 177.07, roll $185P into the $175P.
