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OptionsRising

SPY swing puts - the RSI bear story

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
OptionsRising  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns Technical Indicators Trend Analysis sandp500 SPDR S&P 500 ETF (SPY)
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chartpattern indicator trendanalysis sandp500 spy
Please see notes on chart.
I bought 21 May 418 strike puts when SPY was over 422.30.
Strangely, the U.S. markets are flying high today while individual stocks are chopping around and/or still leaning bearish on 30 or 60m timeframes.
SPY weekly chart has been extended for so long that I am ignoring it for now and paying attention to the daily and 30m for context.
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