One Option Trading Blog http://bit.ly/2wDZ7Uu Posted 9:30 AM ET - Yesterday the market staged an impressive bounce and the S&P 500 rallied through the 200-day and 100-day moving averages. Fed Chairman Powell is dovish as global economic conditions continue to deteriorate. Major economic releases are scheduled today. ADP reported that 27,000 new jobs were created in the private sector during the month of May. That is well below the consensus estimate of 170,000 and there could be a kink in the armor. US growth has been strong relative to the rest of the world. ISM services will be released 30 minutes after the open and it …
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