Sitting mid channel, a test of that support line will coincide with the 200EMA. A perfect combo and ultimately healthy for markets as a whole. Also interesting to note that IWM has not surpassed its highs hit in March unlike SPY, QQQ, and DIA. Last time this happened, was before the covid drop. Selling calls, buying puts, and/or adding stops a few BPS below trend would be smart protection in case we see something nasty. I and my firm are not expecting that. They recently updated end of year target price to 4600 on S&P 500. Another reason a normal pull back would be a healthy reset to power higher into end of year.