Still Looking Lower

No changes of any significance.

If we are in an expanded flat for blue b (of Green A), I would like us to visit the ideal fib below us as 3548. We may count the recent price action as a nest of ones and twos (in red, and then in purple degrees). A gap down tomorrow will help to confirm this count.

I have left my short-term calls (they are intended to be sacrificial victims), and my long-term calls (which are the fraction remaining from my strangle). I have an enlarged lower put leg of the strangle, shorter-term puts, and am short futures with the stop moved to today’s high at the red 2. Hopefully we get the rest of this leg lower.

Ok, so let’s see if this keeps going.

SPX


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