Despite the headlines about tariffs and trade wars, the charts have spoken with clarity, third waves down at multiple degrees of trend, each and every one of them. The Short-Pending from yesterday should be considered triggered and based on our pattern recognition projections, it is the beginning of a much larger move down in the weeks and months ahead. Below is a summary of our short positions taken in early March. I'm also re-posting the IWM put table from the Not Dark Yet update from Tuesday and recommending to start accumulating IWM puts to carry our short position forward into May and June. April 17th Expirations Below: March 21st expirations in the same two ETF's: CHARTS DJI Daily SPY 240 Minute IWM Daily Tracking the move down from Nov 2024 IWM peak: Heart of the decline still ahead, so err on the side of holding short into each expiration. It's always OK to take some profits early, for any reason whatsoever, but keep something, "just in case" a global event of some magnitude arises overnight. The stock indices are in a third wave at multiple degrees of trend, i.e., there are no surprises. QQQ Note: Projections for much lower prices ahead. SQQQ 2 Hr Options For New Capital and/or Rollover From April Positions Recommended strikes are highlighted, but any surrounding strike is a candidate, using new capital, or proceeds from April rollovers. IWM Jun Puts For more aggressive traders: IWM May Puts
