Market In A Funk - Selling Pressure Will Build After Labor Day

One Option Trading Blog http://ift.tt/2v55stH Posted 9:20 AM ET - Yesterday the market rebounded and today half of those gains will be erased on the open. The price action is very choppy and it will remain that way through Labor Day. This is a low probability trading environment for swing traders but it is is ideal for day traders. Just follow the early momentum. I took profits on my short positions on the open yesterday. I day traded from the long side once we are above SPY $243.80. That is now a support level and we can use it as a guide. If the selling momentum …