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Wednesday, June 28, 2017

Tech Will Rebound - Window Dressing Is Over


One Option Trading Blog http://ift.tt/2sRCAT8 Posted 9:30 AM ET - Yesterday we saw another wave of selling and tech stocks closed on the low of the day. Settlement is T+3 and Q2 window dressing should be over. Before we see a decent bounce the market is likely to test the downside this morning. If the dip is brief and shallow we will grind higher the rest of the day – be ready to jump in. If the market takes longer to find support the bottoming process might take a couple of days. QQQ $138 is a major support level. The news is extremely light and the …

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