One Option Trading Blog http://ift.tt/2pOVhqx Posted 9:30 AM - Yesterday the S&P 500 dropped 18 points on the open. This sparked profit-taking and bullish speculators frantically exited positions. Once the momentum was established the market never recovered. Stocks closed on the low of the day and we are seeing follow-through selling this morning. Warning signs have been present for the last week and I've been telling you that this any surprise favored the downside. Earnings season attracts buyers and the strongest companies announce early in the cycle. Once mega cap tech stocks post results the air is let out of the balloon. The last leg of …
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