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This is certainly not set in stone, it is so early in the 3 of C downturn, if we are even there at this point, anything can happen. This is a "best guess" right now. Wave C's, and especially 3 of C's, are the most destructive waves, so it is entirely possible that the wave form morphs to a plain crumble instead.
The best idea isn't to day trade this baby, rather, "sell and hold."
Yes, there could be an obvious "options lottery ticket" for sale later this morning, for those who understand how to create it, but it is only a lottery ticket. A better entry will be at an even larger degree after some level of confirmation into next week. So don't go play the lottery with capital you might need; capital preservation will be critical in the looming Mother of All Depressions.
With that said, as an interesting exercise, let's look into what is, potentially, the forming DNA of wave 3 of C. This 3 wave could be the most devastating wave Mother Nature has ever crafted to break the stock market. I post this in advance because everyone else talks about stuff after it happens, when it is too late.
Here is the Dow over the past day and a half, since making the recent "Fed-is-a-joke" 9,916 high. I used different colors to discuss various embryonic fractal similarities and their potential implications:
(CLICK TO ENLARGE)