Best Day Trade Will Come On the Bounce - What Happens Next Is Important

One Option Trading Blog http://ift.tt/2cqBUww Posted 9:40 AM ET - We are finally getting some movement this morning. The S&P 500 is down 15 points pre-open. I didn't even have to look at the newswires to figure out why. Stocks are addicted to easy money and the ECB failed to whisper sweet nothings in the market's ear yesterday. There were also some hawkish comments from a Fed official. Minor support at SPY $217.50 will be breached. I am much more interested in the $215.50 level. I'm not going to read too much into the decline this morning. Weak hands will be flushed out. September is a …