Weak Jobs Will Weigh On the Market - Bid Will Be Tested - $187.50 Needs To Hold

One Option Trading Blog http://ift.tt/1R9LiCo WATCH OUR TRADES LIVE - 1 WEEK FREE TRIAL Posted 9:50 AM ET - This morning we learned that 151,000 new jobs were created in January. That was below expectations (200K) and the market is shouldering the news. The Fed will not hike before June and this will attract some buyers. Two days ago we saw buyers step in when the SPY $187.50 level was tested. There was follow-through buying yesterday and we want to see strong support if those levels are tested again. I believe we will see some selling pressure this …