Wednesday, January 20, 2016

Day Trading Is Easier When the Market Gaps Down


One Option Trading Blog http://ift.tt/23eCwaZ WATCH US MAKE MONEY BUYING STOCKS IN A MARKET DECLINE Posted 9:30 am ET - The market has been trying to establish support at SPY $187.50. We tested that level three times and this morning it will fail with ease. The selling pressure is steady and we are likely to challenge SPY $182. Not much has changed overnight. Weakness in China spilled over to Europe and now it is impacting our market. The economic data from China has been good, but traders don't believe it. I've been telling you to watch for a pattern. The …

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