The key index to the big picture outlook going into summer and then fall is IWM, the Russell 2000 ETF. But for a knee-jerk spike up yesterday would be still be solidly bearish. A news-event spike, in this case a no-real-news event with inflation/interest rates, should normally be disregarded in a pure pattern recognition approach to trading markets. So let's take a fresh look at price as things stand in the first few hours of trading today: IWM Price has fallen back into the gray no-mans-land, below which is a deep dive into the election in November, above which is a challenge to the March 28th market top. Below the box, at least 25 points lower, so that is the play we want IF price leads the way. Puts From Jun 10th Trigger These puts hit trailing 50% stops yesterday, triggering an exit, but have recovered nicely today. I still own some, "just in case." Stops are pure money management...easier said than done. Attractive Puts For A Summer Swan Dive
