I've embedded the short-term trend model buy/sell signals on the SPX chart below. The next red arrow will be the sell signal we have been waiting for coming at the end of a counter-trend retracement of the entire first wave down (1). It should also coincide with price falling back down through the bottom of the Fib reversal window. That will stack the deck in favor of August or Sept monthly puts on any of the major index ETF's. It could come as early as today, or as late as mid-to-late August. Whenever it comes, it will be worth the wait as there are a thousand SPX points down to 3000-3200 support. SPX Short-Term Big Picture SPX Intermediate Term
