These two charts look close to breaking down. A closer look in tomorrow's Weekend Update. IWM SQ SQ hit a new low this morning from our original May 22nd entry in the Sep puts. We have been on the short idea of SQ ever since it appeared on our Trade of The Week screen, May 4th, in the mid $70's. Note on this close-only chart how every touch of the Trend Model Signal Line (red) since the Apr 12th Sell Signal has resulted in a reversal back down. Note also the target is $40, which would suggest an eventual 4X return on the Sep $65P. Sep 20th Puts Lots of time left for both of these positions to be multi-baggers. More IWM puts should be added on closes below 200 and again, below 195 IWM Sep Puts
