One Option Trading Blog https://ift.tt/2T9nWn4 Posted 9:30 AM ET - Two days ago the market opened at a new relative high and it sold off the entire day leaving a bearish engulfing pattern on the daily chart of the S&P 500. Yesterday, the market dropped and it found support just above a horizontal support level. Buyers stepped in and we closed near the high of the day leaving a bullish hammer on the daily chart. The price action this week tells us that there is a great deal of uncertainty and that the market could move in either direction. Time is the missing ingredient and it …
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