One Option Trading Blog https://ift.tt/2rXrFqm Posted 9:30 AM ET - Yesterday the market surged higher after the US and China jointly announced a trade negotiation truce. Both sides stated that progress is being made and they need time to lay the framework. A possible trade war between the world’s largest economies is the largest market threat. The relief rally pushed the SPY to a minor resistance level at $274. The rhetoric should remain "friendly" until the North Korean summit on June 12th. Look for a gradual drift higher on light volume ahead of a holiday. Flash PMI's will be released Wednesday followed by the FOMC minutes …
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