While Global markets attribute today's swan dive to tariffs and trade wars, we have been tracking the charts and in particular, anticipating a Wave 3 down at multiple degrees of trend. Our major three bets in the PRO Service all focused on April expiration for the biggest bang for our option bets. Nothing about that "Big Picture" strategy is different this morning, albeit not the huge a gain (yet) as would be fitting the expected move...but with still two weeks to go to April 17th expiration. Also, keep in mind we finished March expiration with pretty decent gains on the first half of the "third wave down" thesis: QQQ 120 Minute Note much lower prices expected into mid-April and May SQQQ 120 Minute IWM 3 Hr Targeted price levels suggest adding some May puts to the portfolio. IWM May Puts Looking for 5X, basis the 3 Hr chart above.
