One Option Trading Blog http://ift.tt/1lec6E2 Posted 9:50 AM ET - Yesterday the market probed for support just as it has done every other day this year. The selling ran its course very quickly and we bounce off of major support at SPY $187.60. Buyers stepped in and shorts ran for cover. This is the pattern I was looking for and I recognized it instantly. I mentioned in yesterday's comments that a rally above the one hour high was needed to get long. These capitulation lows have produced follow-through buying during the last year. We bought S&P futures and stocks in the chat room and we had …
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