One Option Trading Blog https://ift.tt/2pAN1fb Posted 9:30 AM ET - The market is inching higher on light volume. Investors are pinning their hopes on a US/China trade truce, but a timeline has not been established. The Fed is not likely to ease the rest of the year and stock valuations are at the upper end of their range. Consequently, Asset Managers are not overly concerned that they will miss a year-end rally. Last week the breakout was tested twice on heavy volume and we bounced off of SPY $302 both times. The resulting bullish hammers fueled some buying and the FOMC pullback that everyone was hoping …
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