The intraday channel that has held successfully since the beginning of August is about to be retested. Because of options ex this is a risky play. However, the IWM is lagging the other indices which is what we like to see. It's risky money, these are smaller companies. The 10min 200MA (expected 123.50 tomorrow and daily 20MA) is a place to start a position in my opinion to swing this short down to 119. The hourly chart as you can see is coming into a bow-tie which I expect will pierce. Any daily chart close above 125.50, all bets are off. If 119 is reached take 1/2 off the table and try ride this down to 116.75.