Market Hates Trade Wars - Here’s How To Trade This Drop

One Option Trading Blog https://ift.tt/2JJhDDU Posted 9:30 AM ET - Last week the market showed incredible resilience as it fended off negative news. That is a bullish sign and I only want to trade from the long side. Potential trade wars and higher interest rates are sparking a light round of profit-taking. Once support is established a buying opportunity will present itself. Trump imposed tariffs on most of our trading partners and they are retaliating. China took immediate action and this "tit-for-tat" battle could escalate. At current levels, tariffs won't have a major impact on commerce or the market. I believe that Trump feels he needed …