One Option Trading Blog https://ift.tt/2yVWtu5 Posted 9:30 AM ET - The market is still searching for a bottom. The 200-day moving average has been holding until this morning. We are going to test major horizontal support at SPY $270 and that is also the low from two weeks ago. I'm expecting that level to hold and I feel we will see a selling climax today. Ideally, the bottom will fall out in the first two hours of trading and we will spend the rest of the day rebounding. That would be the type of hard bottom the traders are looking for. The last week in October …
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