The approximate date and index price level labeling on this SPX chart for a July 4th culmination of Wave 3 of 3 is a guess, but it does seem to have a nice symmetry based on prior legs in terms of price and time. Every 100 SPX points should be worth minimum returns of between 50% and 100% on "next month" (3-4 weeks) options, so there are quite a few doubling and then doubling again trading opportunities as Wave 3 of 3 unfolds. SPX Intermediate Term - Wave 3 of Wave 3 Unfolding The "Open Expiration" tracking tables below include some positions that expire next Friday. Those should all be rolled into July 15th expiration early next week, Monday or Tuesday if possible, keeping in mind that a single index put position is all that is necessary to participate in the expected massive decline coming in the weeks ahead. Premium Tracking Portfolio PRO Tracking Portfolio Bitcoin Big Picture More Ominously Bitcoin has been mirroring Nasdaq (or is it vice versa?) since the March 2020 Covid lows through the November 2021 tops and into Friday's market lows. This morning (Saturday) Bitcoin is lower by over 2%, the equivalent of a 700 pt Dow decline. For those of us who feel naked and cold when our equity markets are closed, there is always Bitcoin on our smart watch faces trading 24/7 to keep the blood flowing. Sunday night S&P Futures will take back over (open 6:00 pm ET). Nasdaq 100 Mirrors Bitcoin price movement since Covid lows - Mar 2020 IWM Intermediate Term - Wave 3 of 3 Unfolding
