4-19-18 Real DIA Put Trade

1st or second day gave me a gift exit at 3.50...didn't take it. Well, was going to try but when I had noticed it I was too late. Exited 1/2 position at 3.20 after an agonizing consolidation and holding over weekend. Probably hit 3.50 again though. Was able to move stop loss down. We shall see what happens to trade!
BTO 2x DIA Jun18 236 puts for $2.60 (overpaid by 0.14)

Currently have moved stop loss (triggering market sell on quote) to 247.28, which is a much better risk:reward than my previous stop loss. The trade went in my favor just an hour or so after entry, and conclusively in my favor a day after entry. Targets are in the published tradingview technical analysis linked below.

EQUITIES: predicted direction SHORT/long 

Also, equities are providing a gift to investors at the moment with an excellent potential short opportunity They are running up against stiff resistance to their upward advance. Coupled with the fact that many indicators are potentially bearish, this could be an excellent short opportunity. Conversely, breaking of the current level will indicate an excellent long opportunity. It simply does not seem like equities have the "juice", however. 

Once again I would like to do further research to see what the technical and other analysts are saying. In addition, what are the fundamentals? Tradingview.com has the technical page. There's the fear and greed index. Then there are the specific analysts I follow on tradingview. I will also spice this up with input from  

The very best way (I know of) to gain exposure to equities' projected collapse would be to purchase put options. Why? Because 1) they are leveraged but protect against gap risk 2) if a collapse intensifies, volatility will increase and the option price will increase much faster as a result. 3) Furthermore, I should be able to buy several and unload them systematically if price moves down. 4) I would be able to purchase out of the money options with several months to live, thus is price and volatility continue to move against the position, I will be able to sell at not too much of a loss. 

Basis: the Dow Jones (1!) futures, in particular, have been very reliable technically of all the major indicies. It is currently in the process of forming a large bearish wedge, which will likely break to the downside. If this occurs the formation will give a price target. The previously-formed symmetric triangle also gives a measuring target. These targets will enable me to select an out-of-the-money options strike price (targted at the bulkowski targets) and, in addition, the price action will form a major trend line allowing me to select a worst-case options time period, although I suspect the targets will be reached sooner, which will make the options all the more valuable of course. 

Chart analysis: Pattern analysis indicates at most a decently sized correction, which from the highs could put us into a bear market. The current wedge pattern's target is not even below the current low. The wedge pattern's measuring target forms a cradle with the current lows trendline, and also with the top of a major area of support. 

Technical (and further fundamental) analysis for this trade is here: https://www.tradingview.com/chart/YM1!/KrGXr7Kw-US-Equities-Imminent-Minor-Decline-Before-Recovery/