Crash scenario diminished. Not likely today and a good chance of a decent drop tomorrow but not the crash i was hoping for. Will probably sell my PUTS early and at end of day place some back.
An up day today throws my 5 day drop (crash) out the window. Pretty sure tomorrow will be a downer but not the type that calls for a crash. It also means the 5 day wave structure will LIKELY be extended to an 8 day drop to finish this wave down.
Seems NOW that the whole move down stays in the channel and orderly. Unless of course we have a dramatic reversal down today.