Market Will Test This Critical Resistance Level This Week [Here’s Why It Wants To Run]

One Option Trading Blog https://ift.tt/3g6JBGa Posted 9:30 AM ET - Monday the market gapped higher and it was able to hold those gains throughout the day. Buyers took a rest yesterday and we saw some profit-taking in the last hour of trading. This morning the S&P 500 is back on track and we are likely to challenge horizontal resistance once again. Best case scenarios are being priced in as our country reopens. Every state has ended the shutdown and we are not seeing a spike in new Coronavirus cases. I still believe that the S&P 500 will challenge the 100-day moving average this week. News that …