The most recent IWM trigger level was a close below 191.30 which on Jan 16th. That entry turned out to be premature as IWM had it's own ideas about where it was headed. This morning I sent out a special alert to the PRO Service, titled: "New IWM Trade Pending," with a new Key Level set-up for March puts. Below is the IWM 180 minute trend model as it appears poised to drop below the 194.00 Key Level, i.e., the bottom of the Fibonacci Retracement Zone. If that is where IWM closes the session today or tomorrow, that is where new IWM Put positions should be entered. Note: Without a close below 194, no new trade. IWM 180 Minute Trend Model On an IWM close below 194.00, buy the IWM $195P (or any strike to 190). Use 50% trailing stop. The EW target is a drop below 170, making those puts worth 5X their current value. Risk 50%; Reward 5X.
