The assumption here is that the Nasdaq 100 (QQQ) has already topped and is headed lower. Any further advance, above the Wave ii high @ 78.6%, nullifies that assumption. However, if right, the downside is enormous. We will know more in 48 hours, but for now, the pattern recognition analysis is pointing down, hard down. QQQ Daily GLD Rollover time: Half of the 4X gains on these calls should be rolled over to December 20th $250C; Half save for a rainy day. Rollover To December TLT Any other week I'd be all over TLT and the Jan 17th $100C for a Wave 3 breakout. However, this is a Fed week and anything is possible come Wednesday afternoon, including disappointment. If TLT breaks up above $105, its next target approaches $120. Plenty of time to get on board. If you must, the $100C looks ripe for a 3X to 5X run
