One Option Trading Blog http://ift.tt/2BK0Gl7 Posted 9:30 AM ET - As I mentioned in my comments yesterday the downside would be tested. Stocks looked good early and then started to slip mid-day. We are seeing follow-through selling this morning. A tax bill is priced in and we are a light round of profit-taking was expected. The SPY should find support at $260. Tech stocks have been particularly weak and if the selling accelerates there will be an opportunity in this sector. I want to see an "air pocket" with a deep intraday low down to QQQ $149. If it immediately bounces I will buy mega cap …
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