Today's decline has reached the April 12th low on the Dow. The other indexes, SPX, QQQ, IWM, have already taken out their respective lows, so the expectation is that the Dow is heading much lower. Mr. Fibonacci is suggesting 32,000 to 30,000 for starters. that's 2,000 to 4,000 points lower...for starters. We are holding puts in IWM and QQQ, as well as calls in UVXY.
