I think I'll be adding that IWM April Call Soon

You might recall the conditions for adding the IWM April Call to the March weekly already entered today (at half size)?

It was a head fake move below $116.19 and it looks like that's where we are headed as today has been a carbon copy of yesterday in many ways, but you'd expect that if it is making a second base of a "W" base.

Here's the IWM and what I see both good and , well potentially good for that add to.

 The IWM 5 minis now looking good and leading.

The IWM 2 min is leading positive as well...

Intraday you can see we are seeing the same negatives as yesterday, on the open and in to the afternoon, in this case that could lead the IWM to hit stops and short sales below the $116.19 level (round-abouts) and open up even better positioning for us, this is why I only went with half a position (weekly calls) which are right at breakeven, but with a better entry, lower risk, lower premiums, I'd gladly add to the position.

My Custom TICK chart also shows more and more stocks pulling back which is fine.

Just keep in mind this is still not a big divegrence even as a complete "W", it's not a game changer, it's really not something I'd even feel inclined to react to except for the fact that it's an opportunity to add to portfolio gains.

I have price alerts set, I'll let you know if I intend on opening a new IWM call before I do as always.