One Option Trading Blog https://ift.tt/3cSsipY Posted 9:30 - Yesterday the market gapped through resistance at SPY $288 and it looked like we were off to the races. Sellers instantly slapped that move down and we had an intraday reversal with the S&P 500 closing near its low of the day. This resulted in a price pattern that was very close to being a bearish engulfing pattern. Sellers are getting anxious and I believe that the upside rewards are smaller than the downside risks. After mega tech stocks announce earnings this week I believe that optimism will wane. Earnings season is in high gear and Google reported …
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