Wednesday, April 2, 2014

Trade Idea: SPY PUTS

I'm going to enter what I think for the moment, will be a short term trade, however the longer term set up I don't think is far behind and I think you'll understand what I mean when I get out the next Broad Market Update I'm working on.

In the meantime, I'm looking for a quick move down in the market, I'm targeting the SPY April $190 PUTS, full position size.

Not only do the intraday charts support it, but a lot of Leading Indicators, you'll see all of these shortly.

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