The Premium service intermediate term sell signals in EEM (Feb 20) and IWM (Feb 25) and their respective April puts will be up against April expiration on Friday. At the same with today's market breakdown (as of mid-session) the Wave 3 scenario may have started to unfold as expected. If so, this next leg down should extend well beyond Friday. Accordingly here are some June expiration rollover candidates for each, with today's percentage returns for comparison. The first "Limit Down" day ahead will confirm that Wave 3 down has started. There are some price levels that would also suggest that the next leg down, whatever it is numbered, has begun, starting with 22,600 on the DJIA. That's about 700 points below where the Dow is mid-session and perhaps not so coincidentally, right around where the first limit down trading halt would occur.
