One Option Trading Blog http://ift.tt/2yO6g7g Posted 9:30 AM ET - Yesterday we saw a buyers boycott on a quiet news day. Once the momentum was established buyers pulled bids so that they can gauge the selling pressure. The volume remained light (low level of profit taking) and the market closed on the low of the day. I don't like new all-time highs that reverse forming an engulfing pattern. Normally this would signal a top. I'm willing to discount the price action as a one-day event on the notion that seasonal strength and earnings season will attract buyers. Stocks need to recover today and I don't want …
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