SPY/ SPX500 Long Idea
All details on chart...Oh and don't ever let anyone tell you indicators are worthless. Remember, its not the tool that makes the man, but the man that makes the tool :} Happy Trading!
Trade closed: target reached
taken profit on 2/3 of longs, holding now equal amount in puts, so sort of a straddle here. I will close all longs with a break of 2777, keeping it tight here. Tomorrow's rate decision should provide some nice volatility. We could see a real panic leg to start the correction if they do bring in a rate increase. Either way the strategy above allows me to play this even with zero risk....Enjoy!
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