One Option Trading Blog http://ift.tt/1Ra4U7q Posted 9:50 AM ET - Yesterday the market continued to bounce. From the low on Friday the S&P 500 has rallied 100 points. It has come a long way in a short period of time and resistance at SPY $193.50 should hold. Monetary easing by the PBOC and BOJ has sparked buying. These actions will not stimulate economic growth and this rally is nothing more than a bounce. The higher we go, the better the shorting opportunity. Domestic economic conditions have also started to falter. That will prevent the Fed from hiking and the dollar has retreated. The long dollar trade …
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