One Option Trading Blog http://ift.tt/2rVC88a Posted 9:30 AM ET - The market has been on a rampage. It feels odd to see a lower close and the drop this morning feels eerie. Stocks have rocketed higher and the backdrop is extremely bullish. This dip will flush bullish speculators out of positions and we will see profit-taking. Once support is established there will be an excellent buying opportunity. In my comments Friday I urged you to take profits on half of your position. Yesterday I advised you to use SPY $285 as a stop on a closing basis. You should be in cash and you should be …
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