Still hesitant to make a new move in front of the Fed steamroller tomorrow afternoon, but this IWM chart is close to taking out last week's low (171) after which there is nothing but air holding up a plethora of Wave 3 targets. IWM 120 Minute We've been successfully holding IWM puts all of 2023, the above the the most recent position taken April 25th is back to the profit side of the ledger. Fear of Fed should not keep anyone from holding at least a small position here as the EW pattern demands it. PACW: Highlighted in the Weekend Update: