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Tuesday, February 28, 2017

Trump Speak Makes Investors Nervous - Look For Soft Price Action Today


One Option Trading Blog http://ift.tt/2lkbugz Posted 9:00 AM ET - Yesterday's price action was lackluster. I expected to see nice follow-through after the reversal last Friday and we did not get it. The S&P 500 did make a new all-time high, but it traded in a very tight range most of the day. The pattern of lower opens and higher closes is still intact and that is bullish. We could see some selling pressure today. I noticed that my proprietary indicators were showing internal weakness Monday and the S&P 500 is down three points before the open. Trump makes investors nervous and tonight he will address …

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