One Option Trading Blog http://ift.tt/1p8krvz Posted 9:30 AM ET - The market has been on a roller coaster ride this week. Stocks gapped lower yesterday and they instantly found support. We saw an impressive reversal and the market finished on the high of the day. There is a little follow-through buying this morning, but resistance at SPY $195 will hold this week. We are in a news vacuum and trading volumes are low. I would not read too much into the decline or the reversal this week. There is an underlying bid to the market and that is encouraging. Cyclical stocks are fragile and at the …
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