Market Drop Should Be Limited Today - Support Is Close and Oil Is Up

One Option Trading Blog http://ift.tt/2n7awKs Posted 9:30 AM ET - Yesterday the market drifted lower and it was able to recover some of its gains. Stocks are weak again this morning and support at SPY $235 will be tested. Major economic releases will be the "driver" this week. ISM manufacturing was strong yesterday (57.2) and ISM services will be released tomorrow. I'm expecting strong results. ADP will report new job growth in the private sector during the month of March and analysts are expecting 160,000 new jobs. That seems light given last month's number (298K). Friday's nonfarm payrolls are projected to grow 180,000. These numbers won't …