The Market Will Test the 100-Day MA In the Next Week. Get Ready To Buy On Support

One Option Trading Blog http://ift.tt/1nSsF7h Posted 11:00 AM ET - Yesterday, the market sold off on interest rate worries. I have been mentioning this likely decline for the last week. Russian economic sanctions and the technical bond default in Argentina played a small role. This soft patch will run its course in the next few days and it will set up an excellent buying opportunity. GDP spiked 4% in Q2 and that was much better than expected. Today, ISM manufacturing was slightly better-than-expected (57). However, the remaining economic releases have been a little light (ADP, Chicago PMI and the Unemployment Report). Interest rates are starting to …