One Option Trading Blog http://ift.tt/290ePjk Posted 9:40 AM ET - Yesterday the SPY broke major support at $202 and we closed near the low of the day. Global markets are bouncing this morning and the bid looks fairly strong. I am expecting a small bounce and more selling later this summer. The end of the quarter will attract some buyers and earnings season is right around the corner. Major holidays also tend to have a bullish bias. Many Asset Managers were completely shocked by Brexit. They are still in a state of denial and there are rumors that the EU will negotiate labor terms (immigration) to …
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