PT_Marche

SPY -- hedge entry

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AMEX:SPY   SPDR S&P 500 ETF TRUST
Per one of EW counts I have, currently has price up around a top of a wave 3 (Roman numeral blue circle). As market is up at highs and in a wedge pattern area, I'm hedging a bit as I think there could be a small pull back.

Gameplan:
- entered a put debit spread at the money in SPY and gave myself time
- price targets down at $374 and then $368

Keeping this one really simple

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