One Option Trading Blog http://bit.ly/2JG8Ktw Posted 9:30 AM ET - The market has been very resilient and the bid is strong. Yesterday we had a negative round of news and stocks weathered the storm. The S&P 500 was down 20 points on the open Wednesday and the low was established immediately. We did not get close to the low from Monday and that is a good sign. As the day unfolded buyers stepped in and the market closed near its high. A bullish engulfing pattern can be seen on the daily chart and we have follow-through this morning. The SPY will open above the $285 support …
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