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Wednesday, June 17, 2020

Asset Managers Have A “Recovery or Bust” Mentality - The Market Will Grind Higher


One Option Trading Blog https://ift.tt/2UQLvSm Posted 9:30 AM ET - After testing the 200-day moving average three times in the previous few days, the market gapped higher Tuesday. News that the Fed was buying corporate bonds sparked buying and a $1 trillion infrastructure bill could be signed by Congress shortly. The Coronavirus is spreading after the nation has started to reopen, but President Trump vowed that he will not shut the country down again. This morning the S&P 500 is poised to challenge the high from yesterday. I believe that quadruple witching will fuel a rally to SPY $322.50 this week. All that matters is that …

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