$IWM, the iShares Russell 2000 ETF, has experienced significant declines, hitting a three-week low. The ETF is now trading below FOMC levels with plenty of negative gamma down through 200. It has not managed to rally back to its $218 line. Market analysts note that $IWM remains the weakest among index products, with concerns about its ability to hold the 50-day moving average at $215. Bryan McCormick from Market Rebellion provides additional technical analysis.