A quick update this morning with our currently recommended positions going into what could be a critical month of March. Blue Line PRO Blue Line Premium Any positions that exited via trailing stops can be re-entered today using March 17th expiration (Mar 22nd for VIX). We may be going further out in our next trades, depending on individual trades and patterns. In equities, most of 2022 was Wave 1 down in an unfolding five-wave sequence, with YTD 2023 looking to complete a Wave 2 retracement. The heart (and drama) of the bear market Wave 3 down should be next. Note the similarities in SPY and EEM as both are breaking their Oct-Feb Wave 2 uptrend channels. More this weekend. SPY EEM TSLA TSLA is falling toward our Fib retracement zone, but needs to break below at least $190 before reaching a bare minimum Fibonacci reversal level at 23.6% of the YTD rally. A higher confidence support level at 38.2% is at $173. A serious general market decline in March could take TSLA down to around, $150 a more traditional Wave 2 Fib retracement of 61.8%.
