Market Analysis for Jun 9th, 2020
IWM - Because I am counting the move up off of the 136.45 low as an ending diagonal I think it's reasonable to use the origination point as a target. This would take some extensions based on the initial move but nevertheless I will use the 136 level as the target for this purpose of short term puts (next weeks to give more time this weeks could be used as lottos).
For straight shares short could be taken with stops just over the 153.56 high. which also offers an excellent R:R based on the lower target of 136.45.