Big Tech Earnings Reaction Soft - Market Will Drop Into the Election

One Option Trading Blog https://ift.tt/3mCO46c Posted 9:30 AM ET - Yesterday the market tried to rebound and the S&P 500 closed right at the 100-day moving average ahead of major earnings announcements. The tech giants posted excellent numbers, but these stocks retreated after posting results. Those earnings releases were keeping a bid to the market and now there is nothing to keep it afloat before the election. I believe that we will see additional selling the next few days and we could test the 200-day moving average if election results are not known by the end of next week. Sellers are historically passive ahead of mega …