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Friday, June 5, 2015

Market Will Test the 100-Day MA - More Selling To Come the Next 2 Weeks


One Option Trading Blog http://ift.tt/1JrwOuc CLICK HERE TO TAKE THE FREE TRIAL. You will see today's trades it in the chat room and you will see the stocks I am trading in Pete's List. Posted 9:50 AM ET - Yesterday, I warned you that the table was set for a pullback. The market had been trying to break through resistance for a couple of weeks to no avail. Traders reduced risk Thursday and once the selling momentum was established, Asset Managers pulled bids. Bullish speculators got flushed out and we hit an air pocket. I will be looking for shorting opportunities …

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