One Option Trading Blog https://ift.tt/2UAoz8s Posted 9:30 AM ET - Yesterday the market surged higher on positive news and it was able to breakthrough horizontal resistance. After 45 minutes of trading profit-taking surfaced and the momentum stalled. The SPY will challenge the $300 level this morning and resistance should hold. China and the US will resume trade talks in October. That is a month later than expected and it demonstrates tension between the two nations. Both countries are trying to pacify investors with the promise of a deal knowing that an agreement won't happen before the 2020 election. Minor concessions from China and the US don't …
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