OptionsPlay
Long

SPY Breaks above triangle, suggests continuation higher!

AMEX:SPY   SPDR S&P 500
After Friday's strong session, SPY             has broken above its triangle which suggests a continuation higher towards $286 high's from early Feb. This rally has been on relatively low volume so caution is necessary. Today's Doji candle is concerning but weekly charts look strong. Use options to take bullish bets in this type of markets where options are cheap and you can limit your risk with Call Debit Spreads. Example: SPY             April 20 278/289 Call Vertical @ $386. See this trade here: https://app.optionsplay.com/#share/5aa70e5ea7c97409442ddb57

What's your next OptionsPlay?
Trade active: Looking for a bounce higher off the trendline support & gap fill at 274.15 level.
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