One Option Trading Blog https://ift.tt/2ZdXeM8 Posted Thursday 4:30 PM ET - MARKET COMMENTS FOR FRIDAY – I am going to take Friday off so I thought I will post my observations now. The price action Thursday was very lackluster, but we did learn a few things. 1. The 200-day MA was tested for a fifth time in the last two weeks. 2. Support held and the SPY immediately bounced near the open Thursday. 3. We saw follow through buying late in the day Thursday and the market closed on its high of the day. 4. Selling pressure from end-of-the quarter fund selling has run its course. …
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