Market Is Damaged - Year End Rally Has Turned Into Year End Bounce

One Option Trading Blog https://ift.tt/2O6Hl2H Posted 9:30 AM ET - Yesterday stocks plunged again and the longer-term technical picture is changing. Trade deals with China and the EU are unlikely, the Fed has been steadfast in raising rates, credit concerns are bubbling up and the November election polls suggest that Democrats will win the House. These storm clouds have been looming for many months and investors have reached their breaking point. I still believe we will see a nice bounce off of this level, but my target is much more passive. China and the US are in a heavyweight battle and neither side is anxious for …