One Option Trading Blog https://ift.tt/2wIHV3x Posted 9:30 AM ET - Yesterday the market plunged over 7% and it triggered trading limits. The action was halted for the first 15 minutes and the market closed near key support at SPY $275. Panic selling has been widespread and we are seeing a small bounce from a deeply oversold condition this morning. The opening gap higher will be tested early in the day and that test will set the tone for the rest of the day. If the market is able to hold the gap, stocks will try to drift higher. If we see long red candles closing on …
No comments:
Post a Comment