Nailed the Market Bounce - Now What? [Here’s the Game Plan]

One Option Trading Blog https://ift.tt/2IcB70H Posted 9:30 AM ET - Yesterday, the market opened a little higher and it filled the gap. The move higher was rather tenuous and the bid was tested mid-day. During the last hour of trading buyers came in full force and the S&P 500 rallied 100 points, closing on its high of the day and blowing through the 200-day moving average. Stocks are up before the open and it looks like we will see follow-through buying today. We got the bounce we were expecting and we are positioned for this move. When most of the gains were maintained yesterday afternoon I …