One Option Trading Blog https://ift.tt/2JRCt0j Posted 9:30 AM ET - The market is compressing above the 200-day moving average and earnings season is helping it tread water. Buyers are not rushing in as they typically do ahead of the announcement cycle. Political news is driving the day-to-day action. Friday stocks opened on a positive note and the move was fueled by solid earnings from big banks. Financials instantly reversed along with the market and that formed a bearish engulfing pattern (last candle on SPY chart). This is not the price action I expected. Investors feared a Syrian air strike over the weekend and there was a …
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