Trading Alert The pattern is set-up for an across the board deep sell-off, but unless and until key levels are taken out, we are holding off any new trading positions. In option land, time is money. if these levels are taken out this week, the play is Oct 20th expiration. If not, we reassess next week. IWM is nearing its key level support target of 182.00, while SPY is nearing its key level support of 442.75. Those two triggers would be enough to set off an acceleration down. A little further down is DJI 34,000. Then comes the deluge. IWM SPY DJI TSLA The path up to $414 will not be a straight line, but whether that includes one more washout low is uncertain. Everyone should be out of Sep calls by now, but if not, you have until Friday. Sep expiration is Friday. The most recent Buy Signal in the PRO Service was Aug 29th, so far so good. Best new bet: Speculative accounts only: Dec 15 $330C
