Bulls like Nasdaq stocks so, I expect this to see a pop and come Friday bearish sentiment will take over. FANG is leading indicator for Nasdaq and that is a leading indicator for S&P. FANG took off Nasdaq will follow and people will realize they are over bought and sell off will occur.
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The trade is wait till 108-110 get May puts for 106/107. Stop loss at 112
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I will cash out when Nasdaq hits 100
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waiting for higher levels for entry