One Option Trading Blog https://ift.tt/2Jdw0wV Posted 9:30 AM ET - Yesterday the market tanked on the open and major horizontal support was tested at SPY $268. The low was established early in the day and the S&P 500 briefly recaptured all of the losses. This is the type of price action I've been looking for and I believe a "hard bottom" has been revealed. Buyers will gradually start bargain-hunting now that they know support is near. From a seasonal standpoint we are entering the most bullish period of the year. I am expecting a nice bounce that lasts until the elections. If Republicans gain momentum and …
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