One Option Trading Blog http://ift.tt/2dPsQkb Posted 9:30 AM - Yesterday the market fell below the 100-day moving average and the S&P 500 was down more than 22 points. Once the low of the day was established, buyers stepped in and stocks almost made it back into positive territory. Intraday reversals like the one we saw Thursday have a tendency to follow through the next morning and we are seeing a pre-open rally today. I was not overly bearish yesterday and I tried to make that known in my comments. We traded from the short side early and we took profits. Once the lows were in we …
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