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Wednesday, September 9, 2015

Market Will Hit Resistance At SPY $200 - Watch For Late Day Selling


One Option Trading Blog http://ift.tt/1hX5Vmm WATCH US MAKE MONEY IN THE CHAT ROOM TODAY Posted 9:30 AM ET - Yesterday, the market staged an impressive rally and it closed on the high of the day. We are seeing follow-through buying this morning and resistance at SPY $200 will be challenged. I would not read too much into these moves – they are all noise. The FOMC will release its statement a week from tomorrow. This date has been marked on the calendar since January and the reaction will be violent. Quadruple witching will add fuel to the fire and option implied …

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