One Option Trading Blog http://ift.tt/2CzKZvZ Posted 9:30 AM ET - Last week the market staged an impressive rebound from the 200-day moving average. The S&P 500 closed solidly above the 100-day moving average and the buying was strong. We saw a little profit-taking late Friday and I attribute that to option expiration “noise”. After a three-day weekend we are seeing some selling before the open. Bond yields are moving higher and that is pressuring stocks. We should expect some aftershocks after a 12% correction. Buyers will want to make sure that the bid is strong before they add to positions. Support is at $269.60. That is …
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