Day Trade From the Long Side This Week - SPY $203 Needs To Hold

One Option Trading Blog http://ift.tt/1UdNKpW Posted 9:50 AM ET - Last week the market showed some vulnerability. Monday we breached major support levels and we made a new two-month low. Some of that selling can be attributed to option expiration and some of it to the interest rate hike by the Fed. When I see this type of price action into year-end it is a bearish sign. The next big move will come on the downside. We are in holiday trading mode. The price action will be choppy on and the volume will be light. This week I will focus on day trading. All I need …