One Option Trading Blog http://ift.tt/1RfkTyH Posted 9:30 AM ET - Last week the market probed for support and it reversed violently from the SPY $187.50 level. The rebound pushed us through horizontal resistance at $195 and that support level held Friday. The S&P 500 is down slightly this morning and it will be tested. The buying we saw last week was encouraging. A decent round of news this week could spark a rally to the 100-day moving average. That is also a horizontal resistance level and SPY $200 will present an excellent shorting opportunity if we get there. Provided that the market likes the news this …
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