This is the third time that SPX has found support right around the level of the June lows, 3625-3650. It is a way station before the next dump into the low 3,000's, probably before October monthly option expiration (Oct 21st). We have a lot of company in this bearish expectation, so it may not go exactly as planned. Maybe a couple days higher first, or a surprise overnight crash in the S&P 2,000's as part of a global market meltdown. Whatever the near term scenario, 2022's low has yet to be seen, and our positions below have both the Fed and the trend (short-intermediate-long term) on their side. Premium Service Trade Tracker All of our option positions are showing triple digit returns, with two in particular, UVXY and QQQ deep in-the-money and candidates for rolling over into Oct 21st or Nov 18th out-of-the-money strikes. In rolling over, always bank some profits, putting it away for a massive TSLA LEAPS purchase when the timing is right.
