Market Should Find Temporary Support Today - Here’s Why - Backdrop Very Weak

One Option Trading Blog https://ift.tt/2SATUZ1 Posted 9:30 AM ET - Last week the market was above technical support at SPY $288 on the eve of mega cap tech earnings. The reaction would determine if the S&P 500 was able to rally to 3000 and challenge the 200-day moving average. Results from Microsoft, Facebook, Tesla and Twitter were excellent, but the market retreated. Thursday the market had a chance to redeem itself on earnings from Apple and Amazon. The reaction Friday was bearish and the market fell below support at SPY $288. Last week's selling pressure was a sign that stocks are ready to roll-over and the …