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Monday, November 19, 2018

Small Relief Rally Likely Into G20 - Fed Will Keep A Lid On It


One Option Trading Blog https://ift.tt/2OReXC7 Posted 9:30 AM ET - In the context of seasonal strength and record earnings, the price action is bearish. This is historically the most bullish time of year and heavy selling has dampened spirits. From a technical standpoint the S&P 500 is making a higher low and the 200-day moving average is within striking distance. The news is light this week and trading volumes will decline during a short week. I believe that we will see a small bounce ahead of the G20 meeting a week from Thursday. Trump and Xi are miles apart and I am not expecting any progress. …

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