One Option Trading Blog https://ift.tt/2XkVlwb Posted 9:30 AM ET - PRE-OPEN MARKET COMMENTS FRIDAY - The S&P 500 started off with a bang this week. Stocks rallied and the index raced to the top of its range. The 100-day and 200-day moving averages are within striking distance and they are providing resistance. Excitement over the global economic reopening is fueling optimism and central banks have the printing presses running full out. I expected a test of SPY $297 this week and that could still happen. Tensions between the US and China are flaring up, but we've been here before. China has stated that it plans to …
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