I sent this out to Blue Line subscribers about an hour before today's close. It's a Wave 3 down and a good time to give an aggressive option trading service a spin.
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In yesterday's Special Update the only index that had yet to break its "Wave 2" channel was the Nasdaq 100 (NDX). As of an hour before today's close, that channel has been broken.
The pattern set out above suggests a huge opportunity in the weeks, maybe months, ahead, trading options on a "Wave 3" down. Every price bar lower becomes further evidence that a spirited decline is unfolding. Below is an updated options table and we will be looking for those returns to be the new normal, one day at a time.
