One Option Trading Blog http://ift.tt/2G9xLZ5 Posted 9:30 AM ET - Friday the S&P 500 tested the 200-day moving average and buyers stepped in. A sharp reversal marked the capitulation low and stocks closed on their high of the day. Yesterday we saw follow-through buying and the S&P 500 was up 35 points. The S&P 500 closed above the 100-day moving average and that is a positive sign. If you watched my video, you know that I expect $263.70 to be tested again on the SPY. We saw some late day selling Monday and follow-through selling this morning. The S&P 500 is down nine points before the …
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