Here is my thinking. Lots of data coming out tommorrow. Data comes out before the open, price gaps up and jumps over the gap. Island reversal. 5 IWM points in the near term, 25 IWM points in the longer term.
sold to you. i think its a little late for that kind of thinking since iwm has run from a 37 low to 60 today in just a few months.i sold some and hedged the rest of a size position in iwm held since late last year today. i could be wrong but you know what happens to pigs.