Watch For These Day Trading Patterns - The Market Needs To Test the Bid This Morning

One Option Trading Blog https://ift.tt/2NH5y1L Posted 9:30 AM ET - Last Friday the market gapped lower and the selling pressure was persistent right into the closing bell. The market closed on the low of the day and I believe that some of this decline was related to the end of the quarter adjustments (sell stocks and buy bonds). Given T+3 settlement, I believe that bearish influence has run its course. End of month/beginning of month fund buying and the upcoming holiday should provide some support. I don't believe that the market will have a meaningful rally this morning until the downside has been tested. The SPY …