Equity ETF Trade Idea: $SPY Debit Put Spread

A play on the US momentum slowing

Last night we got a negative short term signal in S&P Mini Futures which is what has prompted this idea.

This is a defined-risk bearish setup on the S&P 500 ETF (SPY), using a debit put spread to express near-term caution while limiting downside exposure.

With markets stretched after a strong run and a dense macro calendar ahead, this trade provides an attractive risk/reward skew for a short-term pullback.