One Option Trading Blog https://ift.tt/2H2GGQa Posted 9:30 AM ET - Wednesday the market reversed sharply after testing major support. The move came early in the day and the S&P 500 closed 38 points higher. Yesterday we saw follow-through buying, but not to the extent that you would expect. Typically these capitulation lows have lots of fuel as shorts run for cover. This is a sign that the selling pressure is persistent. This morning the S&P 500 is down 27 points before the open on news that Trump is considering an additional $100 billion in Chinese tariffs. Trump is either a smart as a fox or dumber …
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