My Saturday Weekend Update highlighted a crash window that is especially apparent on the QQQ and Nasdaq 100 charts. I'm posting the charts below. The update went on to discuss trade management pertaining to our existing QQQ puts and how we intend to trade any further counter-trend rally next week. Our goal is 10X on current puts, as well as 10X on any new puts depending on market performance in the coming few days. Our ace in the hole is a Jan 2025 SH call to cover the entire rest of 2024 in case timing becomes problematic, but I don't think that will be the case. Finally, I covered a speculative option trade on Bitcoin which also has 10X potential in the next two months.
Bottom Line: Multiple 10X option trades: Pending.
QQQ 120 Minute Trend Model
Every number, trend line and shaded retracement zone is meaningful and explained in interim mid-week member updates.
NDX Daily Trend Model
The red and blue arrows are NDX Intermediate Term Trend Model Signals.
Bitcoin
We use our Trend Model Signals and Pattern Recognition Set-ups to trade Bitcoin via BITO calls and puts.
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