One Option Trading Blog https://ift.tt/2sdyDH4 Posted 9:30 AM ET - Yesterday the market was able to recover from an early drop and it ignored negative news. That rebound was a sign that buyers are still engaged. The political backdrop is still very tenuous and we will maintain our short position as long as the SPY stays below $274 on an intraday basis. Trade talks with China have temporarily been postponed while a framework is drafted. Treasury Secretary Mnuchin said that steel and aluminum tariffs will remain. This was a "hot" topic a month ago and it sparked harsh rhetoric from China. The US plans to impose …
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