One Option Trading Blog https://ift.tt/3bYanOb Posted 9:30 AM ET - Yesterday the S&P 500 gapped higher and it surged into the closing bell. It is through the lip of a cup and handle formation and we are gapping higher this morning. The news has been depressing, but buyers are focused on global Coronavirus improvements. As I've been mentioning for a few weeks, the virus has to be contained before meaningful market rally can unfold. Buyers are going to error on the long side given that global interest rates are at 0%. With the virus spread decelerating they will buy stocks on the notion that massive monetary …
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