Pivotal in the sense that there are two steep paths possible in stock indices for which we are holding option positions. Let's review out of the gate this morning, paying attention not just to Current Returns (prices just after the Open) but also to the new 50% Trailing Stop Levels that have all been readjusted higher this morning: PRO Stock index Option Positions For any PRO Subscriber who have picked up some Premium Service recommended positions, here is the current run down on those performance levels: Premium Stock Index Option Positions: The bottom could be falling out of the market, but a sharp and potentially dynamic counter-wave 4 is due at any time (we may have already see it first hour). The price patterns got us here so far, but it may be pure money management that carries us through the immediate days ahead, taking profits if the above trailing stops are hit, or any other time that makes sense to your individual situation, i.e., how much of a short position you now own, which in most cases should be 3X or 5X or even 8X from entry. Remember, even though our trading positions hit the jackpot this month, there will be more trading ideas and potential jackpots, ahead. No matter what, leave something on the table for April expiration (next week), "just in case." CHARTS As of an hour after Monday's Open. QQQ Hourly I'm using the hourly Heikin Ashi charts to evaluate the indices closest to next week's expiration in hope that it can shed some insight on how or when to exit and/or rollover our SQQQ calls. It doesn't. Where I am labeling a Wave iv (circle) seems too short a pattern for completed Wave iv, but it is possible. If so, the next leg to Wave v (circle) of 3 should unfold over the next few days. If not, a more protracted and higher Wave iv is due any time. SQQQ Hourly
