Sell Bullish Put Spreads - Market Bid Is Strong - So Are the Headwinds

One Option Trading Blog https://ift.tt/2mZ7rMV Posted 9:30 AM ET - Yesterday the market reversed after testing the breakout at SPY $294. Based on the opening this morning we will erase the losses for the week. The market is searching for direction and it lacks a “driver”. The overnight news has a bullish bias and the reversal yesterday is providing a tailwind. US/China trade negotiations have improved slightly and a face-to-face meeting will happen in October. Huawei said it will consider licensing its 5G technology to US firms to avoid security issues. This is a pretty substantial development. A preliminary trade agreement between the US and Japan …