One Option Trading Blog http://ift.tt/2FgQMvR Posted 9:30 AM ET - Yesterday the market broke horizontal support at SPY $270. Stocks continued to drift lower and news of steel tariffs spark selling. The 100-day moving average was tested and it held. This morning we are seeing another wave of selling and we are going to blow through that support level. A number of factors are casting a dark cloud over the market and this is a great time to be on the sidelines. In his testimony before Congress this week Fed Chairman Powell said that there could be four rate hikes this year. That is hawkish and …
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