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Monday, February 5, 2018

Buy Calls If This Happens Today - Market Poised To Bounce


One Option Trading Blog http://ift.tt/2E14pzu Posted 9:30 AM ET - I posted extensive market comments Sunday. Please make sure to read them. The last two days we've seen heavy selling. Bullish speculators are getting flushed out and Asset Managers have pulled bids. They will not buy until support is established. The S&P 500 is down 20 points overnight and the selling should climax this morning. I'm looking for a sharp reversal off of the low and a close in positive territory. This type of price action would result in a capitulation low and it would present a buying opportunity. As you know from my weekend comments …

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