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allthesmokeacquisitioncompany

hedging on $SKYY

Short
First Trust Cloud Computing ETF (NASDAQ:SKYY)  
allthesmokeacquisitioncompany  
NASDAQ:SKYY   First Trust Cloud Computing ETF
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
after breaking out and rallying to all time highs I think SKYY will pull back to the 10 week moving average. this would be the 4th time the etf to touch or cross below it's 10 week moving average and would be a sign of an old and tired trend set to reverse. I am long SKYY 95 puts. with an initial target of $90 I am looking for INCREASING volume and expanding daily ranges downward to confirm a change in trend. a new closing high price would on large volume would act as a good risk level. this trade is to protect profits if large cap tech or certain growth stocks continue to pull back in price in january.
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