One Option Trading Blog http://ift.tt/2GlKpbv Posted 9:30 AM ET - The market blew right through the 100-day moving average and the low from February is in striking distance. After a heavy round of selling the 200-day moving average will be tested. There's a good chance it could happen today and it could culminate with a capitulation low. The last time this happened (February 9th) was also on a Friday. In order for this pattern to set up we need to hit another air pocket. The SPY needs to find instant support at the 200-day moving average and it needs to fly off of that level and …
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