FOMC ALERT: POWELL SPOOKING MARKET WITH EQUIVOCATION OVER FUTURE INTEREST RATE HIKES - THIS WILL NOT END WELL. ------------------------ IYR is projecting $55-65 in its indicated Wave 3 decline, taking the Jan 20th $75P up 5X to 10X from current levels. Risk: 50% IYR It's a way to bet on an acceleration down in the stock market without needing it to happen immediately to bail out your options. The appeal of mitigating the time factor is psychological as much as anything, making it easier to hold onto a position without impatience affecting conviction.
