T/A ETF AND INDEX

[farooq]

I still think we will be higher in a week then where we are now because it is a retest of break out only, so I am going long here @ 43.55 with protection of equal amount of 43 Puts this is 1-4 week trade. Target is 44.80 area after 44.05 trade will be profitable, max loss scenario is 2% 55 Cents + loss of premium on puts.
Other way is to go long and put a stop @ 42.80 but they can run stop in short term. This pattern will have high probability if we close above 43.80.
JMHOP. Do your own D/D.
Good luck.