New Trade SPY

SPY is trading back up into the middle of a confluence of resistance.( As seen on the chart Chart is from this AM), a previous pivot low from 4/10 is at 135.76. There is a gap fill at 136.32 from last Friday 7/20. We are backtesting the lower trendline from a rising wedge of the last 2 months, and also backtesting a trendline going back to the highs in April, and the 100 day MA is at 136.05. Todays play is to buy the SPY Aug18 136(Monthly) puts. Risk for this trade is 1% of equity. Stop should be placed above Fridays highs at 137.17 Long 14 Aug 136 puts 1.75