As alternative to owning IYR Jan $75P: On IYR close below $85.00 (currently $87.30) IYR Mar 17th $75P (1.00-1.10) Initial Targets: IYR <70; $75P > $5.00 Note: These Mar 17th puts (103 days) just look too cheap to pass up...waiting for a break below Wave 2 channel for acceleration down. IYR SPX - Key Chart Key Level Price dropping out of the Fib retracement square is bad news for all indices. Check site as per Weekend Update Key Level breaks. VIX - Breakout to mid-30s - Pending
