IWM has broken down through 218.00, its July 8th low, trading as low as 216.17 this morning. It has now rebounded back above 218.00. If IWM resumes its decline and breaks below 216.17 it's likely going a lot lower and will take the other indexes with it. New Sell Pending: IWM breaking below 216 at any time. Option: IWM Aug 20th Puts: $220 (7.30), or $215 (5.20), or $210 (3.60)
