One Option Trading Blog https://ift.tt/337H5IF Posted 9:30 AM ET - Yesterday the market sold off after the ISM services number was released. Economic weakness abroad is starting to impact domestic activity and investors are nervous. The initial reaction was negative and the S&P 500 almost touched the 200-day moving average. We were trying to buy just above it and we just missed our entry point. Buyers scooped shares and we got the intraday reversal we were looking for. In yesterday's comments I mentioned that we needed to see a deep drop and two long green candles stacked one on top of the other. That pattern came …
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