IWM Update

Just so you know why I chose IWM for a put and what we are looking at, this is vs the Q's which were a close second.

 QQQ 1 min

QQQ 2 min

QQQ 3 min

QQQ 5 min


IWM

 IWM 1 min

IWM 2 min

IWM 3 min

IWM 5 min...

As you can see, it was a pretty easy choice.

With the divergences above, I'd anticipate that were still looking at a run down to the "W" base lows which are around $112 for the IWM, although when the position is closed is a function of how the market reacts, I anticipate it will be open through at least part of tomorrow.