One Option Trading Blog http://ift.tt/2bRfktR Posted 9:30 AM ET - Yesterday we saw little selling and the market tested support at SPY $217.50. Janet Yellen is speaking in Jackson Hole and the comments today should be hawkish. There will be a nice shorting opportunity today. Labor conditions have improved and Brexit was a non-event. I've been telling you all week that I am expecting selling pressure. Asset Managers are not going to aggressively bid for stocks near an all-time high. They are also aware that August and September are seasonally weak months. In this light volume environment even a small round of profit-taking can push the …
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