Small Caps Ahead of Powell

$IWM

Everyone’s talking about it, so make of that what you will, but it’s difficult to look at the IWM 0.00%↑ chart and not see something constructive. I’ve been playing IWM 0.00%↑ via put spread sales against $200, and by scanning for interesting small cap setups. Implied Vol is at a 5 month high.

These things almost never resolve as we intend, but a continuation of trend is the path of least resistance for now.