The chart posted is the IWM since the late oct 2023 low at that time my work and models calle for a 5 wave rally in wave C up since that low we have had more and more talking of an UPSIDE MELTUP and that the place to be loading up long is the IWM with some many talking a gain of 50% and to see 300 . Well I can tell you that has a 2 % chance . We are fast approaching the 5th of 5 in what is a diagonal and into the target of .618 .I personal thing we are going well below 131 and are already in recession what has been happening in the MACRO side is the monetizing of the treasury debt to fund it thru T bill markets and to add Liquidity >I am moving to a 100 % full short in IWM in in the money puts if we have any new high this week