This weekend I took my subscribers for a walk down memory lane, reviewing the "last leg down" so all of us will be prepared the upcoming, "next leg down."
SPX Intermediate Term
The last Wave 2 top was in mid-August and the decline coming out of that high allowed us to build a strategic bearish option portfolio as the decline unfolded. The screenshot below is where that portfolio stood near the mid-October market lows:
Blue Line Premium Option Positions: Oct 13, 2022
The difference today is that the anticipated next leg down will be faster, deeper and more profitable than the August-October leg down. We already have some initial positions in both the Premium and PRO Services, with more to come as more key levels get taken out to the downside.
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FAQ: What is the difference between Blue Line Premium snd Blue Line PRO trading services?
A: Blue Line PRO moves faster, takes more chances (for better and/or worse) and sends out more stuff. Last week's trades are a perfect example as a more aggressive entry on a fresh IWM signal has already paid off:
Blue Line PRO Trades - Week of Dec 5-9
Blue Line Premium Trades - Week of Dec 5-9
Past performance is no guarantee of future results.