In my free update from two weeks ago I laid out a scenario that called for deep dive in the markets (Out On A Limb). It took about ten days to kick in, but beginning Wednesday, Nov 5th, major market indices dropped 5-6% in just three days, before beginning a counter-trend rally into the close on Friday, Nov 7th. When this brief respite fails, and it will, a broad-based decline will set in, constituting a third wave down at multiple degrees of trend.
QQQ Hourly
The message of this chart is that the first leg of a much larger impulse move lower ended on Friday, and a one or two day retracement is at work, which will culminate with a much deeper and more significant decline into the end of the year.
We have a projection for the next leg of decline of at least 10% lower in DJI, SPX and QQQ, which will create the potential for a 10-bagger on options bought in our trading services on Tuesday, Nov 4th. As the current retracement wave comes to a peak early next week, it should be the last chance to add to already profitable positions before the real fun begins.
Below is our market directional options plays from early 2025, using options on SQQQ, the inverse leveraged QQQ ETF, to trade our analysis. Best Returns reached 978% and 621%, respectively. The expected dive into year end should at least match that of Mar-Apr 2025.
Past performance is not a guarantee of future results.
If you ever were tempted to try out this options service NOW IS THE TIME TO DO SO. Our trading going into the end of the year holds are the potential for significant returns in a developing compilation of fear and greed, IN BOTH DIRECTIONS, starting with stock indices, but now looking to expand option coverage in BTC and GLD, with trades pending in both cases.
Bitcoin
BTC: Sell Signal - Pending
IBIT: For trading options on Sell trigger
Note if trend channel is broken that potential support is way, way down there.
Dec Expiration
Jan Expiration
Gold/Silver
Analysis reserved for Subscribers.