One Option Trading Blog https://ift.tt/2Gs5Sfn Posted 9:30 AM ET - Last week the market bounced off of the 200-day moving average multiple times. The fact that we are testing it with greater frequency is bearish. It is a sign that the selling pressure is heavy and that buyers are not gobbling up stocks at that support level like they were before. On a daily chart you can also see that the market is spending a greater amount of time below the 100-day moving average. I am expecting a bounce into earnings season, but not a rebound. High tech stocks typically drive optimism during earnings season. That …
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