Here’s the Market Drop We Were Expecting - Take Profits When VXX Hits This Price

One Option Trading Blog https://ift.tt/2DIMz1P Posted 9:30 AM ET - Profit-taking Monday stripped away the gains from the last week. This morning the S&P 500 will challenge the uptrend line that started at the breakout in October. That first support level is at SPY $310. We are getting the dip we've been waiting for and our VXX position is performing. President Trump said that it might be better if we wait for the 2020 elections before we sign a trade deal with China. Anti-China trade rhetoric is gaining traction with voters and the government is raking in billions of dollars in tax revenue. China is demanding …