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Tuesday, January 28, 2020

Watch For These SPY Patterns On the Open Today [They Will Determine Market Direction]


One Option Trading Blog https://ift.tt/2uIwojz Posted 9:30 AM ET - PRE-OPEN MARKET COMMENTS TUESDAY - Yesterday the SPY fell through technical support at $325 and it closed near the low if the day. This morning, it is trying to rally back up to that $325 level and this bounce will tell us how anxious Asset Managers are to buy stocks. I believe that the market could rest today after a big move Monday when major news is pending. If the market tries to rally this week and it makes a lower high followed by a long red candle closing on its low on a daily chart, …

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