A short update to reinforce the bearish structure of the Q's. Whether or not the next leg down is imminent, or, a week away, this is my best analysis of what comes next. QQQ 120 Minute Now, throw in the uncertainty surrounding tomorrow's SpaceX IPO and we are merely guessing as to the very short-term. That's the reason for July expiration for current and future puts, which allows for a zig-zag higher before the bottom falls out. The "2" may very well be placed above tomorrow's price bars, but no matter where it finds its resting place, Waves 3 and 5 shown on the chart are where my expectations are strongest. July Puts - Open I'm monitoring SOXS (3X Bear Semiconductor ETF) calls for a potential add-on in the coming days. Stay tuned. Waiting for the current 120 minute bar to turn from red to blue.
