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Thursday, June 9, 2016

Market Always Keeps Traders Honest - Watch For This Pattern - Don’t Get Caught


One Option Trading Blog http://ift.tt/1reEEQS Posted 9:30 AM ET - The market has been in rally mode the last six days and a down open seems foreign. The S&P 500 is down nine points and the gains from yesterday will be erased. Dovish comments from Yellen and a dismal jobs report will push the Fed's timetable back. Global markets love easy money and dips will be brief and shallow ahead of the FOMC next week. I will trade from the long side today once support is established. Strong stocks will be easy to spot and they will rally when the momentum stalls. This will be my …

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