GK-Trades

Bear case to $404 on $SPY

Short
GK-Trades Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Classic double top re attempt. Today was alow volume dead cat bounce. I expect for it to lose almost all green body by the bell. Opening up a shorts is a great idea. I like the 06/11 $416 Put here. Also lots bearish headlines over the weekend regarding China tickers and Feds facilities coming to a tail end.
Comment:
Bulls got the session however I did add here to my short. I see an island reversal that is inevitable.

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