One Option Trading Blog http://ift.tt/2xku7al Posted 9:30 AM ET - Last week we saw a heavy round of profit-taking. Technical support levels were breached for the second time in a week. Stocks found their footing Friday and the open today looks stable. We should see a drop to technical support this week. Bull markets die hard. Pullbacks are difficult to trade from the short side because the risk of a bounce is ever present. I am going to lock in some profits today. Support is at the 100-day MA (SPY $241.50). That is within 10 S&P points and it could be challenged today. I want to …
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