The market is modestly down this morning, and "modest" is not exactly a word associated with a Wave 3 down. A break below 280 would get my attention, while breaking hard toward that (b) low on Nov 4 @ near 260 would confirm. Wave 3's don't have to start out as "wonders to behold" so long as they get there along the way. QQQ 15 Minute UVXY 15 Minute The UVXY short-term pattern is also headed in the right direction. It would take a breakout of the channel and 8.50 or better to add Jan 20th at-the-money calls.
