Last Friday IWM has broke below $220.00 triggering a new entry into IWM Jan $210P. That weakness has followed-through today as the index looks to be testing its prior low from last week at $212.75. Should that get taken out, $200 is next. UVXY is lagging insofar as it has yet to trigger a Buy Signal in its shorter-trend models. This is what we need before adding new UVXY positions. Since the Dec 17th expiration has only five days left to go, new positions, if and when warranted, will be going out to Jan expirations, either Jan 7th or Jan 21st depending on the timing of the signal. Look for a new UVXY Alert on further strength, currently at $15.70, a move above $16.50 will likely trigger a new Buy and new Alert. IWM: New leg down after 38.2% retracement UVXY Hourly: Waiting on an Up Arrow
