One Option Trading Blog https://ift.tt/2xiCgBH Posted 9:30 AM ET - Last week the market closed at a new three year low. Horizontal support SPY at $235 failed and the S&P 500 is down 50 points before the open. The 100-month moving average is at $215 on the SPY and there is also support at $200. If we reach that lower level it would represent a 41% decline from the high in five weeks. I've been trading for over 30 years and I have not seen market movement like this. I do believe that an excellent opportunity is setting up and we are taking advantage of it. …
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