Primary - Leading DiagonalHello friends.
Our primary wave count for both the QQQ and the SPX is that we have formed a leading diagonal to the downside which is now pulling back, and is about to launch into a total collapse.
No matter which wave count I pick though, it is clear as day to me that the market is not going to be rising very much higher for much longer. The longest I could see this market staying up before the almost inevitable crash occurs is until the end of the year, but this is not what I expect at all. The more "bullish" counts do not predict a rise -- they merely predict that we could take slightly longer to fall.
For these reasons, we have purchased some deep OTM QQQ puts (330 strike) that will expire on 3/15/23, giving the market some time to bend over. If we are right about the leading diagonal, these puts will be worth about 1000% more, and we will make a gigantic profit.
