Profunds index and sector trading

[Z-M-L]

The (.618) retracement of the DECLINE from 1508.37 to 1372.46 is 1456.45. The (.786) retracement is 1479.29. If the NDX holds below either of these two levels, and then closed back BELOW 1427..... the wave count becomes:

Wave (i) of 3 of C travelled from 1508.37 to 1371.46.

Corrective Wave (ii) of 3 of C will be completed at or near 1456.45 or 1479.29.

Wave (iii) of 3 of C, otherwise known as the Epi-Center of Wave 3 will be a MONSTER Decline. This wave position is also called the "Regognition Wave" since during this leg of the DECLINE people will finally "Regognize" that a MAJOR trend change is underway. IMHO.

My STOP LOSS on the entire RYVNX position is at 1500.