One Option Trading Blog http://ift.tt/1UVw1rp Posted 9:40 AM ET - The last two days the market has opened on its high and closed on its low. That is a bearish pattern, but I won't read too much into it. Bullish speculators were flushed out of the market and this is just a normal round of consolidation. The SPY will open above resistance at $205 this morning and we can lean on that level. If the market stays above it, I will focus on bullish day trades. If the market is below that level, I will focus on bearish day trades. The daily price action is very …
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