Watch For This Market Pattern Today - We Have Seen It the Last 3 Fridays

One Option Trading Blog https://ift.tt/2Hkmyrs Posted 9:30 AM ET - Yesterday the market open lower on fears that the Coronavirus spread has been underreported by China. A new method for detecting the virus was used and the number of new cases jumped tenfold. Investors were not rattled by the news and they bought stocks right on the open yesterday. The market bid is very strong. There is an important pattern to note. Stocks have sold off the last three Fridays and they have rallied on Monday. Concerns that the Coronavirus might worsen over the weekend has spooked buyers on Fridays. They have a chance to reevaluate …