One Option Trading Blog https://ift.tt/2J3u5tX Posted 9:30 AM ET - Yesterday the market probed for support below the 100-day moving average. Buyers stepped in late in the day and losses were pared. An early rally this morning has the SPY back to the 100-day MA this morning. Dark clouds are looming and any surprise still favors the downside. This is a low probability trading environment. Italy was the "crisis du jour" yesterday. Yields spiked and credit concerns are back on the radar. The selling abated overnight, but their government does not have a ruling coalition and elections are needed. Spain is in a similar situation. Trump …
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