QQQ and IWM are close to their respective triggers for adding new puts. Details here. If a dynamic Wave 3 of (3) down is underway, it will be obvious with increased volatility and downward momentum. If you see such conditions, add to short positions (long Dec/Jan index puts and Dec/Jan volatility calls). Other etf candidates are SPY and IWR. If prices rebound and close higher, cancelling these new trades, we will be using today's lows as the new threshold trigger for adding to positions, only in that case it will be a break of today's lows at any time without the necessity of waiting for the close. DJI Intermediate Term Trend Model The charts below chronicle the DJI Intermediate Term Trend Model which has caught every major and intermediate term downturn in the stock market since and including the 2020 Covid Crash. It is currently on a Long Signal but within a few down days of flipping short. The next red arrow will by design come from lower levels, but it also will be the last warning that the next leg down not only has begun, but has been in place for several days.
