Shoe—>Other Foot

By -

Remember earlier today how I pointed out a "zone" that was the bear's worst enemy? Well, I was right (and thank goodness I closed out the Russell puts!)

Well, the shoe's on the other foot. The bulls have their own enemy to worry about now, and it's much bigger – shown in green below.

I am reloading by purchasing $RUT puts at these levels, and I am scaling into a very large TWM position.