By this time next month (read: end of December) we should be staring down the barrel of three major trends: (1) Finally and despite this seemingly never-ending retracement rally, "the next leg down" in major stock market indices. (2) A new leg up in Gold and Silver (but not necessarily Bitcoin); (3) This space reserved for Cybertruck - in case #1 above fails to show. One of the biggest product launches of our lifetime, a metamorphosis in global transportation There are four calendar weeks leading into Christmas, twenty trading days and then four days between Christmas and New Years within which at least two identified trends above should have already made themselves known. What we as traders need to be on the lookout for are signs that two trends in particular, down in stocks and up in gold, have started in earnest and that we have at a minimum initial option positions that will benefit. Once the calendar flips into December, we have to start looking past Jan 19th expiration and ahead to February 16th, but we will cross that bridge next month, and base any expiration month straegy changes on market action to date. For now, here are the charts that scream out the coming legs in stocks and gold, down and up respectively, with an urgency and clarity building as every uneventful day of trading passes by in the last days of November. The message: It's only a matter of time, but big changes are coming. BIG PICTURE CHARTS - IWM - GLD - TSLA
