Profit Talking Was Heavy - Here’s What the Market Will Do Today and Next Week

One Option Trading Blog https://ift.tt/2EXFuP8 Posted 9:30 AM ET - Yesterday the market tumbled and we saw heavy profit-taking. In the last two weeks I have outlined why this would happen so I'm not going to rehash the details. The rally is over-extended and there is more work to be done on the downside. Buyers will be cautious and we will be able to gauge the appetite for stocks in the next few weeks. I believe that the support at SPY $338 will be tested in September. This morning the Unemployment Report showed that 1.37 million new jobs were created during the month of August and …