This SPX chart sets out the main EW structural pattern for the stock market. As price takes out the rising trend line up from the Jun lows, shown as approximately 3900 on the chart, the decline should accelerate and quickly take out the Jun lows, around 3650. The time between breaking below 3900 and taking out 3650 may not be long, and in this kind of market, it could be overnight. SPX - Intermediate Term Trend & EW Pattern DJI - Daily Minimum expected decline of 10% by end of month Trade Management After today's (Thursday) close there will be six trading sessions left in Sep 16th expiration, leaving little room for error in timing a steep draft Wave 3 decline on the stock indices. My personal allocation will start leaning toward Oct 21st positions over the Sep 16th expirations, gradually shifting over the next three trading sessions. Premium Trading Positions - Rolling Sep 16th to Oct 21st QQQ Oct 21st Puts- Most Attractive Range of Strikes
