You are bullish on the markets in the long-term; however, you have read analyst predictions that over the next 18 months the market will likely stay flat with some downside potential.Despite these predictions, you want to make some money in the short-term, and at the same time avoid any downside spikes in the markets.A hedging strategy using options and/or futures seems appropriate.Please develop a plan to accomplish your goal and give a detailed explanation, with numerical computations, of the upside opportunities and the downside risks for each chosen position.