Market Testing 100-Day MA - Buyers Are Not Interested and Bid Is Weak

One Option Trading Blog http://ift.tt/1HHehdQ TAKE THE 1 WEEK FREE TRIAL FOR INVESTORS AND FOLLOW OUR TRADES Posted 11:45 ET - This week the market tested the downside on the notion that the Fed will hike in December. Statements by Fed officials this week have been hawkish. The SPY traded below the 200-day moving average yesterday and it closed on the low. As I described in yesterday's comments, I bought puts and I added near the closing bell. This morning, the 100-day moving average has been tested. Asset Managers are no longer worried that they will miss a year-end rally and the …