One Option Trading Blog http://ift.tt/2rBdpUe Posted 10:20 AM ET - Yesterday stocks took a breather and the S&P 500 traded in a narrow three-point range most of the day. I mentioned in my comments that we would see nervous price action and a late round of selling surfaced. Mega cap tech stocks dropped quickly and the QQQ was weak relative to the SPY. Support at SPY $243 held and it will be tested today. Lackluster economic data points are making investors nervous ahead of next week's FOMC statement. The Fed will capitalize on the recent market rally and they will hike. Politicians will take time off …
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