One Option Trading Blog http://ift.tt/1Knr6M6 Posted 9:30 AM ET - Last week the market tested major support at $182 and buyers stepped in. We had a nice rally Friday and news over the weekend will push the SPY above resistance at $187.50 this morning. I don't trust these early rallies and I will be day trading from the short side once the momentum stalls. On a longer-term basis, global economic conditions are deteriorating. Central banks are out of bullets and at best they can spark small short covering rallies like the one we are seeing this morning. China's imports fell 11.2% and exports fell 18.8%. Commodity …
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