Posted an hour before the close of trading on Thursday. We continue to monitor IWM for a breakdown below $220.00. Note on the chart below how well its short-term hourly trend model has traded simply following the alternating Buy and Sell signals (red and blue arrows). The hourly trend model has in fact just triggered a short-term Sell. A break below $220 will add further to the bearish picture. IWM Puts of Interest IWM Jan 21st $220P: $7.25 IWM Jan 21st $210P: $4.30 IWM Jan 21st $200P: $2.60
