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Short

Volatility is back, look out below

AMEX:SPY   SPDR S&P 500 ETF
68 0 1
The market is simply supported by FED's balance sheet, without fresh round of QE             , S&P 500             will not go back to its previous ascending channel.

FED's balance sheet will keep a strong bottom for S&P 500             around 180, should FED hikes rate in September. Even if FED doesn't raise rate, which is most likely the case, a prospect of Trump presidency would likely be an excuse for high market volatility for the next few weeks.

Recommended strategies:

1. Short out right with a stop at $220, and cover half of shorts at $200 and $190 respectively.

2. Long 2017-Jan-PUT Option at strike $190 or $200, close position when market starts to dip below $200.
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