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Monday, November 25, 2019

Dull Market Ahead - One Pending News Event Could Spark Profit Taking


One Option Trading Blog https://ift.tt/2KQBzn5 Posted 9:30 AM ET - The market is compressing at the all-time high during a news vacuum. Asset Managers have been buying dips and the SPY candles have long tails under the body the last three days. This is a sign of support, but be careful - a speed bump looms. President Trump has been reluctant to sign a bill supporting pro-democracy protests in Hong Kong. When he signs the bill into law we can expect backlash from China and the trade negotiations will stall. China has already threatened that there will be consequences if this bill is signed into law. …

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