SPDR S&P 500 (SPY): Be very cautious here, I've seen spy do...

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Wednesday, 05/27/2015 3:10:58 PM

Wednesday, May 27, 2015 3:10:58 PM

Be very cautious here, I've seen spy do this exact same thing before, big drop, rebound followed up by more dropping. We may have another up day tomorrow but if so it will be a good spot to load a large position of long term expiration puts. I'm eyeing a 60K position of September 210 puts. Waiting patiently for all the right signs to pull the trigger.

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