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Tuesday, August 14, 2018

Buy More SPY If It Hits This Level - Market Should Find Support Today


One Option Trading Blog https://ift.tt/2MelESi Posted 9:15 AM ET - Yesterday the market opened on a positive note and it quickly soured. When stocks were not able to advance buyers pulled bids and a reversal was underway. Once the momentum was set there was no turning back. Credit concerns in Turkey were the problem du jour. The price action the next few weeks will be "noisy". The economic news is light (retail sales, empire manufacturing and industrial production) and 95% of the S&P 500 has reported earnings. Politicians and traders are taking time off and the volume is anemic. Turkey is likely to release a wrongfully …

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