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Monday, February 8, 2016

Market Breaks Major Support - SPY $182 Will Be Tested


One Option Trading Blog http://ift.tt/1T8uuNt WATCH OUR TRADES LIVE - 1 WEEK FREE TRIAL Posted 9:30 AM ET - Last week the market challenged major support at SPY $187.50 a number of times and it held. This morning we will fall right through it and we are likely to test SPY $182 sometime this week. Earnings season temporarily stopped the bleeding and the strongest companies were not able to spark buying after they posted. Domestic economic releases have been strong relative to the rest of the world. Last week we saw some kinks in the armor. ISM services …

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