Downside insurance

More Downside Potential for S&P 500 and SPY

The S&P 500 managed to hold at around the 2,500 level at the close on Friday, and that gives traders a chance for a downside insurance trade on the SPDR S&P 500 ETF Trust (NYSEARCA:SPY).

How to Profit if There’s a Pullback in the S&P 500

Because there is a chance the S&P 500 could make another move to the downside, I’m recommending a downside insurance trade on the SPDR S&P 500 ETF (NYSEARCA:SPY).