SP500 - View : fake thrust.

FX:SPX500   S&P 500 Index
689 1 11
Complex - Objectively there is a thrust from the key support area but I have doubts about it:
- The NFP was bad but the second reading is that rates hikes will be delayed which is probably inducing this bounce.
- I think there is failure in the next few days.
- It will be interesting to see how Europe reacts tomorrow with EURUSD             bouncing (I see potential target 1.13).

Invalidation: close above 2125.

Optimum way to play it:
Buy Put option
K 2040
Exp             17Apr15
Prem             8pt
Invest 15bp – Could multiply by 10 if works. Cheap if fails.
Its gonna take a while to turn this tanker into bearish mode.Big Question is ,the speed .IMO it could take some months if not,the whole year to see the real turn.The turn already started no doubt about it.But like your projection, i will short this once i see 2140.
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