Market Dips Will Be Brief and Shallow - Bid Will Strengthen Into Earnings

One Option Trading Blog http://ift.tt/1jQPGbU Posted 11:30 AM ET - After a tremendous rebound from the August closing low last week, the rally has stalled. There is resistance at SPY $200 and is likely to hold this week. The market needs time to consolidate recent gains before we continue higher. Asset Managers did not have much of an opportunity to buy the dip last week. The S&P 500 moved 100 points in 24 hours. Those who pondered missed the move and they are hoping for a pullback. That means any dip is likely to be shallow and brief. If the market treads water, they will get …