From yesterday morning: "There may be one more opportunity to add to Oct 21st positioning if there is a knee-jerk rally coming out of the news about to hit the markets.." That opportunity came 30 minutes after Powell's press conference, lasted another 30 minutes, and then abruptly came to an end with a monster wake-up call to the downside. The Dow peaked post-Powell at 31,020 before "dropping like a rock," closing at 30,182, a decline of 838 points in the final hour of trading. That is a powerful time-price move that portends an exciting few weeks/months ahead. Also powerful have been our Fibonacci reversal windows, which we will be putting to use as the market hurdles toward new lows for the year. The alternative is load up on "next month" index puts and let Wave 3 of 3 do all the heavy lifting. Your choice; I'll continue to provide the pattern recognition triggers either way. QQQ - Big Picture Into End of Year PRO Service Trade Tracker The Sep 16th QQQ $315P was closed out @ +387.29% and rolled over into the Oct 21st $280P. This new Q position should be a more direct beneficiary of Wave 3 of 3. PRO Service also includes access to the Blue Line Premium Service which generates more intermediate term oriented trades. Current Premium Service Trades
