Two key charts are pointing the way today, as our bet on a deeper downside resolution in the stock market keeps looking better and better. IWM The IWM 245 price level was tested on Monday and it appears ripe for a second test today and/or tomorrow. A clean break that takes the index below Monday's low @ 244.39 would strongly suggest 230, or lower, is next. This April $245P bought March 3rd is destined to be deep in the money before by or well before April expiration. Crude Oil This chart of WTI Crude Oil explains the gains in the table below: PRO Big Oil Trades from Jan/Feb.
