Update 10:20
Check out the option charts below. The NDX is a *smidge* away from going below the Sept 25th low, but there is a *CLEAR* break on the Dow.
My $0.02. Do NOT ignore this technical break. Even if the count is somehow salvaged to be bullish (which I am not at all leaning toward) I think this suggests more weakness for the relative short term (maybe not today after the mornings big move) before there is a chance for a bull move up.
TO BE CLEAR: The chart below is my old options chart. Option 1 IS NO LONGER MY PREFERRED COUNT! I now lean toward the P2 ended count based on the move today in the DOW. OPTION 3 IS MY NEW PREFERRED COUNT
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqwYnRqjiIYQ3wfgtKDdDMTAiE00gpIhVFsMd9hU_kyIaHnOFxggBw5GGHvx301uxkIaVU6kbNBsImABLXfufnUflKclefL5k3ZCGJTu0uRVZu-Yqhf-XHbnKi4gSqDXb5DbrEp4VvGT27/s320/0binve-001-201.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUNS9w9sBKCgyCPLWKcaIHJVZBXe0Dbzwz-llMDh28Md84zBFdKc9wE2wb1G9owvPHtaTE872esOM1MAhXbKJGW6gQw9N8LTMIrgwkmoPjAQopYdaPPIUKAEplFIzq2G2PdE3KDMR_auLD/s320/0binve-001-202.png)