SPY is teasing the 280 level but risk/ reward is important here
Trade news is right around the corner. SPY has had an incredible run... But the political climate and the near vertical run of SPY has put (no pun intended) it in oversold territory. I am insuring long positions with puts on SPY. I believe with all the political noise and slowing of the global economy we could see a down side move to around the $257 area. After consolidation and a cleansing of the headlines we begin our march back up.
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