One Option Trading Blog http://ift.tt/298q3As Posted 9:30 AM ET - Brexit is going to weigh on the market for quite a while. The momentum has been established and this was a surprise outcome. That means there will be a risk adjustment phase I still believe SPY $190 is possible, but that would be a major buying opportunity. If we get there, we won't be there long. The SPY is sitting right at major support levels. We will be below the 100-Day MA and the 200-Day MA on the open this morning. SPY $202 is also a major horizontal support level. In my comments Wednesday I suggested …
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