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Friday, July 28, 2017

Market Decline Ahead - But This Is Not the Big One - Bulls Getting Flushed Out


One Option Trading Blog http://ift.tt/2eTqEfh Posted 9:30 AM ET - Yesterday the market staged a nasty reversal off of the all-time high. Stocks surged on the open and they were not able to advance. Good news from Facebook was not enough to fuel the rally. This morning we are seeing follow-through selling as bullish speculators get flushed out. My comments yesterday included these quotes: "Bullish sentiment is running high and speculators will be flushed out soon." "The rally will stall and then with each passing day the risk of a pullback will increase." "We made great money during this run and I'm going to lock in …

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