One Option Trading Blog https://ift.tt/2wN6nAO Posted 9:30 AM ET - Yesterday the market tested the low for Monday and that support at SPY $275 held. Later in the day buyers emerged and stocks rallied well off of their low. The resulting pattern on a daily chart was a bullish hammer. Typically, off of a deep low we would see follow-through buying the next day. That is not the case and the S&P 500 is poised to open 80 points lower this morning on news that the Coronavirus is spreading in the US. This should be expected for at least a few weeks and it will take …
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