$IWM was also not immune from the sell off yesterday as stocks or crypto did not rotate into any haven, there was a clear blanket sell off across every sector, market and exchange, nowhere was safe.
$IWM however still has one of the best set ups right now and has not reached its previous ATH, unlike the S&P 500, $BTC and Gold.
$IWM is likely in the same camp with $ETH and Silver.
Which is why we are holding $ETH and Silver and considering a position in $IWM right now.
Subwave 4 has already tested the 0.38 Fib but just like $TSLA on the first test of the pull back, we need to see 3 waves and so far we only have 2 waves in this pull back, so it is likely not complete just yet.
$IWM just needs to stay above the yellow breakout level during this uncertain period for the markets, so above $210, holding above here and the price can move up to he blue line or even beyond at $245 by the end of the year.