One Option Trading Blog https://ift.tt/2Kh8G55 Posted 9:30 AM ET - Heated rhetoric between Trump and our global trading partners has investors on edge. The S&P 500 breached critical support at the 100-day MA and we are likely to see additional weakness today. China raised the stakes when it said that it would stop buying US treasuries. The S&P 500 is down 10 points before the open and we could see a nasty drop today. The bid has been resilient so far. Buyers don't believe that a full-blown trade war will happen. Trump has to worry about mid-term elections. A steep market drop would force him to …
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