One Option Trading Blog http://ift.tt/23oTQZT Posted 9:30 AM ET - The news has been light this week and the moves have been all "noise". Stocks are up one day and down the next. Oil is moving higher and the market is rebounding this morning. We will open above resistance at SPY $205. The market needed to consolidate this week and that has been accomplished. Bullish speculators have been flushed out and earnings season will begin next week. The market should be able to challenge SPY $208 in the next two weeks. If the move is tenuous and we can't poke through, the topping process will begin. …
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