One Option Trading Blog http://ift.tt/1ME4RR3 Posted 10:15 AM ET - Yesterday the market opened on the high and it closed on the low. This is the second consecutive day we've seen this pattern and it is bearish. The SPY is below the breakout at $200 and bullish speculators are about to get flushed out. Asset Managers are passive. They don't believe they will miss a monster year-end rally and the bid is soft. The S&P 500 might have another 3% upside from here and it doesn't make sense to chase stocks at the high-end of the trading range. This wave of selling will quickly run its …
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