S&P 500 - May 4th

Plan has worked to a T so far. Rejection of the 2963 supply area and drop into first target of 2790 daily demand. Reversal starting and expecting a Wave 2 up to potentially fill the gap to 2900. Looking to add to spy puts in the lower red box as the potential and probabilities favor an explosive Wave 3 to the downside. I hope you are ready.

Long to the Red Box.
Short from there.