Bigworld, Looking at the XLF chart, it's right at key support (23 area). Before shorting, ideally you'd want to see it break that support. While it's formed a quasi head + shoulders since December, which is bearish, it still needs to break the 23 area support.
I've been thinking the market may go more or less sideways for a while and then once they resolve the upcoming debt ceiling issue, the bias will be gradually up again back toward the highs. Just a guess though. The market survived the Syria and Afghanistan bombings and the latest North Korea intrigues, so it may just muddle along.
I think the Deep State has become more approving of Trump since the Syria attack and Bannon demotion from the NSC, in which case they're less likely to want the Donald to look bad, and more likely to juice the stock market if it gets into trouble. They also want the market stable so they can keep raising interest rates.
On the other hand, a lot can happen in the 2 year lifespan of the LEAPS, so good luck with the strategy :o)
