The pending sells from last week have yet to be hit and are still in place. If triggered we are looking past the Jun 18th expiration and to July 16th. The expectation is for a reversal down that will last beyond June 18th. Sell Signals Pending DJIA: Hourly close below 34300 (currently 34620) DIA: Hourly close below 344.50 (currently 346.40) S&P 500: Hourly close below 4180 (currently 4210) SPY: Hourly close below 419.00 (currently 420.55) Nasdaq 100: Hourly close below 13600 (currently 13640) QQQ: Hourly close below 332.00 (currently 333.40) If any one of these thresholds is met be alert for all of them to follow. If and when these dominos start to fall it's a safe assumption that all will and a new short-term leg lower has begun. Options QQQ: July 16th $320P SPY: July 16th $410P IWM July 16th $220P
