Here is an updated DIA chart from this weekend's update. It shows the exact same wave labels with today's first hour opening prices. Price breaking back below the 38.2% Fib level, (around DIA 226.00, Dow 22,600) would be persuasive evidence that the much anticipated Wave 3 down has started. The IWM Sell Signal on Feb 25, buying the April $160P has never touched its 50% trailing stop, so even using that stop the trade is still open with only a few days left until expiration. Rollover candidates are May and/or June expiration and around the money stike prices. For IWM that would be the May or June $120P, or any other May or June Puts below.
