Just a quick note this morning as the DJI is threatening to take out its Wave 1 low at 37,611: DJI A break could send the Dow into a Wave 3 down of 10% (or more) and quickly. If previously stopped out of any stock index puts, consider re-establishing with Jun 21st expiration, expecting a low sometime in the next 30-60 days. IWM Rough estimate wave count unfolding early in five wave progression.
