Registered: Dec 2011
07-10-12 07:22 PM
I read all the bad news just like everyone else, and sometimes also feel the "End of the World" is near.
But if you tune it out and only look at SPY's long term chart, the Uptrend is still in place.
If it goes above 141.48 we'll have a new higher high, and are only 5% below that now.
As to trading the SPY, I think selling 127/126 Bull Put Spreads, which break even right about at the last higher low of 126.48, is safe enough.
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