While the Intermediate-Term is in flux, the Short-Term, as evidenced by the IWM Hourly chart below, has just given off a Short-Term Sell Signal targeting Monday's low around 206. Longer-term potential rests around the early April lows around 170. IWM Hourly Short-term channel broken this morning @ $214.73 targeting 206 IWM Daily - Intermediate Term July 18 Puts (Short-Term Trade) For a scalp that could turn into an Intermediate Term swing trade, the July 18th $210P looks ripe for a quick double into the pre-July 4th holiday week. Longer-Term, we could hold these puts for a test of the April lows, giving the put 10X potential.
