I sold my RUT puts (acquired today and, amazing, capable of yielding a handsome profit) and got into IWM calls with a stop at the day's low of 67.64. The Dow chart was pretty compelling for me (in terms of looking for a bounce). Looking at the IWM chart, I think we are revisiting January 23rd. That is – – – hitting a major Fib level and, the next day, going a little bit below that level before pushing off higher. Notice the highlighted areas below.
