This is typical IWM behavior. It got to about where it was going in February, and crashed into the 13 week SMA from the side. It could stay like this for a long time. Assuming it does, the idea is to buy when prices cut below the 13 week SMA and sell at some point above.
The daily pattern is prettier. 222 – 209 = 13. 215 + 13 = 228.
For TNA, 88 – 73 = 15. 80 + 15 = 95.
Not exactly a sure thing of course and it would have been better to go long a day or two ago.