One Option Trading Blog http://ift.tt/1T0LIIs Posted 9:45 AM ET - The market has gradually been drifting lower the last two weeks and support at SPY $204 was challenged last Friday after a weak jobs report. One data point does not make a trend and buyers took comfort knowing that the Fed has more breathing room. The SPY is back above support at $204 and we need to keep an eye on that level. Resistance is at $207. China's trade numbers were a little soft over the weekend. I sense that credit concerns will resurface in coming weeks as the PBOC takes its foot off of the …
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