The Bid Will Be Tested Before the Market Can Move Higher

One Option Trading Blog https://ift.tt/2LjDVvz Posted 9:30 AM ET - Yesterday the market dropped more than 25 S&P 500 points after Fed speak. The market has closed on its low four days in a row and the S&P 500 has shed 60 points from its all-time high Thursday. The breakout was all "fluff" and the move was fueled by quadruple witching. Traders will wait patiently for news this weekend and the action will be light the rest of the week. Stocks are poised to bounce this morning after Micron posted better-than-expected results. It is still shipping to Huawei and the blacklisted company has been given a …