Swing Traders Need To Protect Profits - Day Traders Should Favor Short Side

One Option Trading Blog https://ift.tt/2Ng0eDW Posted 9:30 AM ET - Yesterday the market felt soft. Stocks probed for support and buyers were not anxious to chase this breakout. I suspect that support at SPY $287 will be challenged in the next two weeks and we need to evaluate the price action when that happens. We are going to take profits on our SPY position and there will place a stop and a target on the position. The storm clouds are looming. Trade negotiations with China are dead in the water and Trump is not going to attend two Asian conferences that would've given him the opportunity …