XLK (Short)

Whats up Traders

Tech section is taking a pounding -

I expect that the midterm elections are going to be horrible for the tech sector - Twitter, Facebook, Google, with lots and lots of threats at regulation on those companies.

Expect a big opportunity to score here with some november puts on this one.

Good Luck, DYOR

Comment:

This chart played out well. There is still downside to come. Fundamentally, as well as technically.