SPX This Intermediate Term (Daily price bars) SPX chart has not changed its EW labeling since early March and remains our roadmap for the next 60 days. Still not appearing is the number "3" and that is where July and August should take the stock market hurtling toward a September-October intermediate term LOW. Between here and there expect persistently weak price action interspersed with unpredictable spike counter-trend rallies. Take profits when rolling into new strikes/expirations and be ready to redeploy those gains as those rallies peak inside of the Fibonacci reversal windows. UVXY Repeat Buy signal triggered yesterday. The biggest question mark surrounds UVXY and whether an expected spike in volatility will occur before or after July 15th expiration. We're betting before with the July 15th calls, but it is an "all or none" bet and as such, not for everyone. When Wave 3 is in its full force UVXY should be making new highs daily for a week, maybe two. Open PRO "Wave 3 Down" Option Positions
