Market Drop Could Be Deep and Swift [Here’s How To Trade It]

One Option Trading Blog https://ift.tt/2TVC3h0 Posted 9:30 AM - This morning the S&P 500 is down 50 points before the open and the Coronavirus is sparking fear. Bullish speculators are about to get flushed out and the first wave of selling could be deep and swift. Bullish sentiment is near all-time highs and Asset Managers are not hedged. From a trading standpoint, we need to let the market drop and we need to wait for signs of support. This morning first support is at SPY $325 and it will be tested. The next decent support level is at $320. The Coronavirus spreading at a rapid pace …