With today's monthly options expiration we are now focused on Jan 20th monthly expiration for trading into what is increasingly and compellingly looking like a Wave 3 down at multiple degrees of trend. Fireworks lay just ahead, and we want to err on the side of being on the right side of global stock market meltdown, just because it's time in the cycle, or the result of a still to come black swan event, or in an absolutely worst-case scenario: BOTH. IYR Sell Signal: On IYR close < $85.00: IYR Jan 20th $85P (2.65-2.70) or Mar 17th $80P (2.30-2.50) UVXY Buy Signal: On UVXY close above $8.00: UVXY Jan 20th $8C (0.75-0.80)
