One Option Trading Blog http://ift.tt/1UrGDcx Posted 10:30 AM ET - The market sold off hard last week and it tried to bounce. Given the magnitude of the decline I felt the probability of a 3-4 day rebound was high. The move was brief and shallow. Monday the market sold off and we had follow through selling yesterday. I viewed this as an absence of buying. Asset Managers did not hear dovish statements from the Jackson Hole conference and they pulled bids. Major moving averages have been breached and no one feels like they will miss the next big rally. China is closed for holiday the rest …
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