I would like to see a close above the 50 day on the daily time frame, ~$172.50, before going long. Worst case scenario we bounce off the 100 day on daily time frame, which would be an amazing buying location.
Considering a far OTM BPS over as well.
Market looks to being pulling back....finally.
Look for an entry off the 200 day SMA around $159.5, or support at $155 if that doesn't hold.
I'd rather buy once she starts going higher, or after earnings. A BPS sounds good though to limit risk!