Below are listed the Trades Pending from Feb 10th, all of which are hitting today and with enough early momentum to believe that something is different this time. Noteworthy is that YTD most of the "early day dips" in the market have caught a bid later in the day. Anytime there is an acceleration lower into the close would be highly suggestive of a new leg down, that elusive third wave down of multiple degrees of trend. VIX: Buy Signal on close above 21.00 (Currently 22.69) Mar 22nd $25C: (1.95-2.00) Add-on: May 17th $50C (0.60-0.62) for speculative accounts (piggy-backing "50-Cent Trade"). QQQ: Sell Signal on close below 300 (currently 296.80) Mar 17th $290P (currently 5.30-5.35) SPY: Sell Signal on close below 400 (currently 402.15) Mar 17th $390P (currently 4.40-4.45) QQQ - Note: Feb 10 Key Low Level if broken could lead to acceleration down SPY SPX VIX The potential exists for a repeat of a "Black Swan" spike in volatility similar to the Covid spike in Feb-Mar of 2020. Take your pick, WW III, runaway inflation, human-to-human spread of H5N1 Virus (bird flu), artificial intelligence run amok (ChatGPT), or something that isn't yet appearing in today's headlines, could set off next volatility spike. Be ready.
