IWM - 120 Minute: I've left the Mar 7th Sell on the chart to illustrate what we are looking for before setting up positions for a deep dive into Jun expiration. It will take a convincing drop through 176 to confirm the next Sell, but the good news is that there is a lot of free-fall potential below that Wave i low to make waiting it out a worthwhile bet. Day-to-day until resolution, even if it chops up the rest of April, then all in on the short side with Jun 16th index puts. QQQ Hourly Earnings coming this week will affect all indices, including MSFT and GOOGL on Tuesday and AMZN on Thursday. Just like IWM, QQQ is stuck in a sideways range with no relief in sight. It may take this last week of earnings in April, which is why Jun expiration is likely to be our next best macro bet to the downside. IYR - 2 hour: Maybe the best bang for the buck to the downside into Jun - waiting on repeat Sell Signal over next 1-2 weeks. VIX - Pending breakouts This chart will be making the most noise when the time is right, first a break above today's top tick 18.24, then a break above 20.00. Explosive potential, but needs a series of new highs.
