One Option Trading Blog http://ift.tt/2cb6Npt Posted 12:00 PM ET - Wrote my comments before the open but forgot to post - sorry. The market is in a flux. Since Friday we have had 35 point S&P moves each day. I still believe that the 100-day moving average needs to be challenged intraday before we see a meaningful rally. Traders want to see how strong the bid is at that level. The news is fairly insignificant until the FOMC next week. I am day trading and I will take my lead off of the first hour of trading. The early rally will falter and the downside will …
No comments:
Post a Comment