???? Scenario Outlook:
???? Bearish (Base Case):
Momentum likely drives $IWM to $173 then $157.70
Failure to reclaim $192 = continued sell pressure
RSI/MACD aligned for continued downside

???? Bullish Reversal (Low probability):
Quick recovery above $192.50 + volume fade
RSI divergence forms with a bounce off $173
Macro catalyst needed (e.g., rate cut, CPI miss)

???? Trade Ideas:
???? Bearish Setup:
Put spreads: $180/$165 or $175/$150 for May/June
Directional puts with $157 target
Long $RWM (inverse IWM ETF)

???? Bullish Reversal Play:
Wait for bounce off $173 or $157
Short put credit spreads if RSI reversal confirms

???? Final Take:
$IWM has cleanly broken long-term support, rejected from 1.414/1.272 Fib zone, and is targeting $173 → $157.70 next.
The small-cap space is showing clear underperformance — until bulls reclaim $192, the path is down.

https://x.com/SPXtrader22/status/1909045501225230589