One Option Trading Blog http://ift.tt/2y4r1wg Posted 9:30 AM ET - Monday the market gapped to a new all-time high and it reversed forming a bearish engulfing pattern. If not for seasonal strength and earnings season, I would short the market. That pattern will take a few days to resolve and the market needs to stabilize this week. If it doesn't, it will roll over. Mega cap tech stocks (FANGs) typically rally into earnings season. This pattern has been repeating for many quarters. Tech is weak and these stocks are not leading the charge. Amazon, Microsoft, Intel, Bidu and Google post after the close tomorrow. If the …
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