Key levels to the downside look especially vulnerable today. See SPX comments for a closing level that would cause me to remove title line question mark. DJIA - Key Breakdown Pending @ Close < 33,400 SPX - Approaching Key Level 3859 - any close beneath 3900 sets up "crash watch" and allows me to remove question mark from title of this post. QQQ - Multiple breaks pending IWM - If not already done so, all Dec 16th $175P positions should be rolled into Jan 20th $175P. IYR - Sell Signal Pending on A Close Below $85 (see below chart) Option: Jan 20th $85P (1.70-1.75) or Mar 17th $80P (1.75-1.85) Targets: IYR = < $75 by Jan 20th; <$60 by Mar 17th Stop: 50% Trailing stop from high price after entry. UVXY - Waiting for a strong close above $8 for entry into Jan 20th $8C.
