Monday, February 3, 2020

Don’t Trust This Market Bounce - More Downside [Wait For This Pattern Before You Buy]


One Option Trading Blog https://ift.tt/2v4hC6X Posted 9:30 AM ET - Last week the market fell on concerns that the Coronavirus could impact global economic activity. Stocks tried to bounce on good earnings from mega cap tech stocks, but profit-taking pushed us to the low of the week. The market showed a loss for the month of January. This morning, the S&P 500 is up 15 points before the open and we will see if the early gains are able to hold. This is an interesting week politically. The Iowa caucuses will be held tonight and the race is extremely tight. Tuesday night President Trump will deliver …

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