One Option Trading Blog http://ift.tt/1QSZoGc Posted 9:40 AM ET - Yesterday the market broke key support at SPY $187.50 and it flirted with $182 before bouncing late in the day. The price action is very bearish and we are likely to trade below that level in the next week. Global markets were trashed overnight and the Nikkei was down 1000 points. European markets were down 3% and Germany's IP came in light. The downward momentum has been set and there is nothing to stand in the way. Earnings season typically attracts buyers. The strongest companies posted results and buyers temporarily slowed the market decline. Domestic economic …
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