This spike up on geopolitical headlines is typical of EW "C" Waves, the final leg of retracements against the main trend. That would imply, caution warranted against a deep dive third wave down. Coincidentally, that was the title of a recent PRO update, one that has two roll-the-dice trades to consider. Here it is in its entirety: Blue Line PRO Update, April 8, 2026 Caution Warranted, Part II Nothing has changed since the Caution Warranted update...except, we don't have to wait for the April 2nd lows to be taken to start accumulating May SPY puts. DJI This is the cleanest pattern recognition set-up of all the major indices. The red down arrow on the right is triggered upon a break back below the 200 day EMA (blue line), which is essentially back where the Dow was only yesterday. That give-back is our signal to buy May puts, SPY, QQQ or IWM. Aggressive traders can start accumulating today. SPY SPY May Puts "Crash" puts for what should be a 10-20% decline ahead, targeting SPY 495-565. For Bulls Only TSLA: April, Come She Will April has been a bang the table BUY month for TSLA shares, as price more than doubled from the low print in April into July - December each of the past three years. If you're looking for an oversold bargain with a SpaceX kicker, look no further. "SpaceX Kicker": Elon has pledged his allegiance to Tesla shareholders repeatedly over the past 5 years. What could he have up his sleeve in light of the biggest IPO in history? Another "roll the dice" bet from Elon, TSLA and yours truly. Note: April is not over, i.e., low print may not yet be in.
