IWM is in a downward trend due to interest rate pressure; technical indicators show no buying opportunities yet.

The Russell index is moving downwards due to the interest rate situation. If 10-year Treasury yields reach 5%, the earnings of more than a third of Russell Index companies with variable-interest debt will be hurt, and a significant portion of Russell stocks are already losing money.

So this is a bad situation for small-capital companies, and this is why you see what is happening now. That was at the moment when the Options Trend Indicator said: "No more long positions in the Russell Index."

"It's time to tip your options positions towards the sell side."

When I look at the Russell index and its timings here, there is a good chance on this weekly chart that there is another cycle in which it attempts to bounce back and then falls again.

On days 9 and 15, both the IWM and DIA have gone slightly bearish. So, this is that reflection on the weekly chart that I showed you. When I look at the short term here, you can see that despite its decline, we saw a slight rise to the neutral level yesterday.

However, both IWM and Diamonds are still in a downward trend.

As I showed you, we have that particularly bearish outlook on the Russell RUT indicator that I presented, which is the IWM ETF. He explained to you that there are no upcoming purchases there yet, due to interest rates.