I will take this opportunity to share with all the PRO Alert that went out this morning after the Open to Blue Line PRO Subscribers. Note changes: I've updated the posted charts to include more of today's trading and I've substituted the Premium Option Performance Table for the PRO Option table...the numbers are a little different for Premium Trades, but especially relevant are the 50% trailing stop percentages. ----- Batten Down The Hatches by Allan Harris April 04, 2025 "Batten down" means to prepare for a difficult or dangerous situation, often by securing things to prevent damage or loss, originating from the practice of securing hatches on ships during storms. " If you have been reading and following the narrative on this trading service for the past few months and in particular, since early March, you are well prepared for current market action. If not, rest assured there is more to come as at a minimum, our preferred Elliott Wave projections have been spot on, with trading positions to match, putting the money bet (SQQQ calls) on sh_t hitting the fan before April 17th options expiration. QQQ 3 Hr Our positioning since mid February has been based essentially on this chart and EW analysis. Prices are reaching the first Fib extension target for Wave iii (circle) of 3 today, well before April 17th options expiration, with still Waves v (circle) of 3 and then 5 to come, now all likely by May 16th expiration. SQQQ Hourly A few days ago, reaching SQQQ $50.00 seemed like a pipe dream, today's top tick: $49.55. Late edit: $49.78 Late-last edit = $50.25 IWM Daily Leading the market down, topping in Nov, 2024 and maybe the cleanest EW count of all. Options - Premium Service Trade Management - Premium Service With yesterday's IWM put additions, short-market options now span out across three monthly expirations, April-May-Jun, it's time to honor the trailing stops on SQQQ Apr 17th positions (if hit), or exit anytime you prefer, adding to IWM May positions with part of proceeds. We're not done with SQQQ yet, but there should be better entries for new capital ahead. Weekend Update Coming this weekend: A new, contrarian and bearish look at Gold, with a trade to match our convictions.
