Market Bid Will Start To Weaken After Mega Cap Tech Earnings

One Option Trading Blog https://ift.tt/2RSZ0zx Posted 9:30 AM ET - Last week the S&P 500 rallied to my first target at the 100-week moving average and we took profits on our SPY position. A strong rally in the last 15 minutes of trading fueled much of the move and the S&P 500 is giving its late day gains back this morning. This will be a heavy week for earnings announcements and 20% of the S&P 500 will report. I still believe the market has a strong bid, but that it will weaken after mega tech stocks report. The Coronavirus spread is decelerating, but the virus is …