One Option Trading Blog http://bit.ly/2ERUoVz Posted 9:30 AM ET - In the last seven trading days the S&P 500 has lost almost 10% of its value. A hawkish Fed, the threat of a Chinese trade war, soft earnings guidance and a government shutdown has spooked investors. The technical damage is severe and this drop will take many months to form a base. Trading programs and margin calls have added fuel to the fire and this selloff is very over-extended. Without question we are due for a snap-back rally. Every opening rallies have been selling opportunity and the bounce this morning is likely to fail. The long …
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