The IWM (Small Cap ETF) active short swing trade reversed off the first price target after hitting it (twice) for a 1.6% gain but still remains below the suggested stop of 170.40. Watching for a break of the minor uptrend line & a potential high-level bearish crossover on the PPO to trigger the next wave of selling. Previous & updated 60-minute charts:

Despite the recent bullish developments in the large-cap stocks as well as the small caps, IWM remains an Active Short Trade as those recent bullish developments on the intraday time frames do not overshadow the bearish developments on the more significant daily time frames. As such, I do not see a compelling reason to modify the trading plan on IWM at this time so T3 remains the final target for now.