Because DIA opened on a gap below the green line (see inset), it is very likely to continue falling to at least 200.92, the midpoint Hidden Pivot support shown in the chart. Ordinarily I would suggest bottom-fishing there using call options, and would encourage Rick’s Picks newbies to join in the fun, especially if, like most who have tried their hand at options, you’ve never cashed a winning ticket. Options premiums are so ridiculously juicy, however, and bid/asked spreads so wide, that we may have to sit this one out. Stay tuned to the chat room in any case, since opportunity may come unexpectedly. ______ UPDATE (Apr 2, 11:15 p.m. EDT): The subdued short-squeeze in the final hour did not change my outlook, although you should not do the trade if 200.92 is hit in the final hour. It would take a rally exceeding 225.87 to negate the bearish target.
