The, "critical few days ahead" expected in our weekend update is turning into a critical week ahead as we approach mid-week without a clean break on which to place our bets. The set-ups for hard down are still alive and well and offer the best bet for exponential options gains, IF THEY TRIGGER. The key pattern is a retracement of a major turn down that occurred earlier in 2025 that has now retraced about half of what the market initially lost. The next leg, being a third leg, has massive potential, but potential is not actionable in and of itself, we need a trigger and it's in the charts that follow. DJI Daily This DJI chart sums up the status of the stock market as well as any of our charts. A series of first and second waves down from February into the early April lows, and partial retracement of the entire decline. It is the termination of the retracement that we are waiting and watching for before a fresh stab at downside leverage. DJI 120 Minute Drilling down to the 120 Minute chart we see the same 1-2 pattern on a smaller degree of trend, crawling along a top teasing a sharp move lower to trigger our next trades in the stock indices. As of mid-session on Wednesday, it would take about a 500-800 point drop in the DJI to confirm third waves beginning at multiple degrees of trend. Anything less is just noise. Note the two gaps just after the Wave ii high at the upper left of this chart, they sit between 42K an 41K, above the 61.8% retracement levels of Wave (I) down. A break above those gaps (not expected) would open the door to new DJI highs, (above 45K) and likely a bull market summer. It would open many, many bullish opportunities, TSLA, TSLL, PLTR and NVDA among them. Nonetheless, right now the downside potential gets the benefit of the doubt and until proven otherwise, where our attention should be. PLTR Blue arrows at major breakouts, next one would come above $125. Many classic, "Wave 5 Buy Signals," of which we have one yet unexpired call in the Premium Service from Jan 31st (third arrow from right): Most of this position should have been exited long ago via a money management based 50% trailing stop; but some "just in case" contracts can be held to expiration.
