Chairman Powell speaks this afternoon at 1:30 pm ET and that should move the market into the close. The initial key level for QQQ is still 280, while VIX is still bottoming and will eventually be headed into the mid 30's. That move will send the Q's down 10-20%, whether it be this week, or next month. That is the only uncertainty surrounding this analysis. PRO subscribers, in addition to our own trades, should be acting on one or both of the IYR/IWM trades pending in the Premium Service and both of which could trigger any day. I've updated the IWM chart below. UVXY still triggers a fresh Buy on a close above $8.50. QQQ IWM Price falling through the Fibonacci retracement window should put IWM in free fall in Wave 3 of (3). VIX
