IWM is in a bearish trend with a downside target of 277; the speaker maintains a short position as a hedge.

And then the IWM, bearish trend, break of structure to the downside. Don't have the lower lower lows and lower highs yet.

I've got I've got bearish indications across the board. SPY Q's IWM, all lower highs, lower lows, all breaks of structure to the downside, all in a bare trend.

basically what I got is is long meta short IWM.

Well, I wish I had more IWM hedge. Don't have enough. I've been um you know we've been long the big cap AI trade uh since FOMC and we've been shorting IWM as a hedge uh via TZA.

I've been doing it three time um short IWM and actually reduced my position yesterday because I'm like what is this unusual strength about? Maybe there's they're going to announce some deal with Iran and then bottom falling out today.

So um 277 has been my downside target on IWM. So that looks like it's still in play. So, it's good to have some hedge there. Again, I wish I had more. Don't have enough.

>> I know that is insane. Look at IWM. >> 277 target. I wish I had more. And that's kind of where my focus is at now. It's long meta short IWM.

look at this IWM guys. IWM. Terrible. >> Short IWM.

But yeah, short IWM has been a top pick for like since FOMC meeting. Short IWM has been a top pick. It's paying off today with the TZA. I And I just hit the IWM puts just now, just real quick.

And all you have to do is catch like one or two of these candles. They've been really big candles right now. And you have zero DTS. I'm not saying it's the most uh the the easiest thing to do.

They're definitely risky, but if you do catch it in the right direction, it's usually a pretty nice day real quick.

>> That's it, man. That's like kind of all that's on my mind here is long meta, short IWM as a hedge. Got the SOC hedge with some upside optionality on a catalyst.

>> look at this. Look at this IWM 277 target. >> Wow. I was really like the last two days I was really mystified. I'm like, why is IWM so strong? And my only thesis was that the market must expect some sort of Iran deal this week because I mean that's clearly what it was because I saw the social media comments later and everyone was so bullish about a deal because they said, "Oh, the president of Iran's in town.

Trump is tweeting he wants to make a deal. There's going to be a deal this week and rates are going to plummet and oil's going to plummet and the market's going to explode." Like there was a lot of that sentiment yesterday.

Um >> but none of it happened >> and I didn't I didn't really believe it. I'm like, any kind of deal is going to be a BS deal. It's not really gonna last or it's not even going to be true.

It'll just be like fake news by Trump. Um, but I I don't know. I I just fell for the price action. I reduced my my IWM hedge. I kept it. I just reduced it yesterday, which sucked.

But now it like clearly looks like it wants to head to um this 200 day moving average rising and going to meet coincide at 277 candle support. And I've been saying this for weeks that that's been my target. 277.

275. That's going to Well, it'll move up a little like you're saying, but yeah, it coincides with count two. That's my call. My call is 277.