Special Update: No, not the snowstorm, nor the USA Olympic Hockey Teams, although all deserve our respect, but this Monday in late February with already so much on our plates, the next leg of the market's breaking down appears upon us, so let's update our main three directional bets. QQQ, IWM & BTC These are our Short bets, some taken too early (IWM & QQQ) and one taken just right (BTC/IBIT), but all poised for further index declines and put gains in the weeks ahead: All above puts can still be bought and/or positions increased in anticipation of further put gains as underlying indices head lower. IWM Found temporary support mid-session at previous 258 lows; decline looks unfinished. QQQ Found temporary support mid-session at previous 599 lows; decline looks unfinished. BTC - Bitcoin So far the $60K low of Feb 6th is holding...but this wave count suggests, not for much longer.
