One Option Trading Blog https://ift.tt/3hJVQIi Posted 9:30 AM ET - Yesterday the market gapped down to a major support level that has been established over the last three weeks and it was able to hold its ground. Buyers and sellers are paired off and we are seeing choppy price action between SPY $332 and $342. Stocks are rich at a P/E of 23 and they need time to grow into current valuations. The market could tread water in this range for a few months or it could correct and then rally back. The current price action will help us determine which scenario will play out. If …
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