here<\/a>.<\/p>\nThere’s also some premarket news of Brazilian election shenanigans, and $EWZ is down about 18%. When it rains, it pours.<\/p>\n
The average pullback in this bull market is right around 5%. That’s 225 on the SPY and major support.<\/p>\n
If we manage to hit those levels, investors will view it as end-of-world kind of trading, but understand that we haven’t had a proper pullback in quite a while so it’s possible.<\/p>\n
Trade #1: AAPL<\/h2>\n
![\"\"](\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2017\/05\/img_591d8f2ae2a7a.png\")
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AAPL taking a hard round trip here… all the large cap tech stocks which held this market up are seeing similar price action. I’m looking for a test of that rising trendline, previous resistance, and the rising 50 day moving average.<\/p>\n
Trade Setup<\/strong><\/p>\nTarget Price: 146<\/p>\n
Sell To Open AAPL Jul 135\/130 Put Spread<\/strong><\/p>\nTier 1: Open at 0.64, Close at 0.14<\/p>\n
Tier 2: Open at 0.95, Close at 0.65<\/p>\n
Tier 3: Open at 1.25, Close at 0.95<\/p>\n
Trade #2: AMZN<\/h2>\n
![\"\"](\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2017\/05\/img_591d8f5145893.png\")
<\/p>\n
Similar kind of setup here. Looking for a test of the trendline, rising 50 day moving average, and a pull into the previous range area. I will bias this one a little higher because AMZN will probably find buyers before that, given it’s the strongest stock in the market right now.<\/p>\n
Trade Setup<\/strong><\/p>\nTarget Price: 910<\/p>\n
Sell To Open AMZN Jul 830\/825 Put Spread<\/strong><\/p>\nTier 1: Open at 0.70, Close at 0.20<\/p>\n
Tier 2: Open at 1.00, Close at 0.70<\/p>\n
Tier 3: Open at 1.30, Close at 1.00<\/p>\n
Trade #3: HD<\/h2>\n
![\"\"](\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2017\/05\/img_591d8fb81bad3.png\")
<\/p>\n
Same setup as the previous two. Test of 50 day moving average and previous range… and there’s probably a trendline there but not shown.<\/p>\n
Trade Setup<\/strong><\/p>\nTarget Price 151<\/p>\n
Sell to Open HD 140\/135 Put Spread\u00a0<\/strong><\/p>\nTier 1: Open at 0.65, Close at 0.15<\/p>\n
Tier 2: Open at 0.95, Close at 0.65<\/p>\n
Tier 3: Open at 1.25, Close at 0.95<\/p>\n","protected":false},"excerpt":{"rendered":"
FINALLY. Vol is picking up. The markets had what we call a “volatility pivot.” See, when vol increases it’s rarely a gradual thing… it kinda comes at you all at once. The second thing to know is that this is rarely a one-off event. We will probably see a lower low pattern get knocked out. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[24],"tags":[],"_links":{"self":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/7963"}],"collection":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/comments?post=7963"}],"version-history":[{"count":1,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/7963\/revisions"}],"predecessor-version":[{"id":7968,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/7963\/revisions\/7968"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=7963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=7963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=7963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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<\/p>\n