Yellow Light

The SPY bounced off the 5% pull back today so I went long in a call options.  I placed my stop 5 ticks below the 5%.  Double bottoms tend to hold but not always.

We do have one issue and that is we have not broken the half back short yet.  I took half my trade and now I have a free trade. Second is it is a 3 day weekend and you don't want to be to long or short in the market with out protection over the long weekend.  Hoping it will go higher.