The global stock markets are for the most part taking a deep sigh of relief, as though Monday's panic debacle was a mere aberration, an annoying speed bump, "nothing to see here." It was in fact, part of a impulse wave down which is in the early, early stages. Once this retracement rally is complete, the real fun begins as the next drop of significance will take out Monday's lows and change the narrative. These "quiet" days are perfect for making portfolio adjustments. Toward that end, here are my preferred stock indices option positions for the Premium Service, in order of preference: (Bid-Ask quotes as of about mid-session today) QQQ Sep 20th: $450P (18.00-19.00) - $400P (4.20-4.30) - $380P(2.20-2.30) SH Jan 17, 2025: $12C (0.50-0.60) IWM Sep 20th $375P (3.24-3.29) - See Chart & Table Below DJI Taking out Monday's low print will trigger a waterfall decline. All bearish trading positions need to be on by that time. QQQ 120 Minute Only slightly less bearish alternative wave count, but still projects < 400 over the next few weeks. SH Target $14 by beginning of World Series. Monitoring: IWM IWM Sep Puts
