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Wednesday, May 9, 2018

Market Wants To Move Higher - Watch This Level On the QQQ - Use Stops


One Option Trading Blog https://ift.tt/2rxxJVe Posted 9:30 AM ET - Yesterday the market shouldered a negative news event and stocks are up before the open this morning. The US pulled out of the Iran nuclear agreement and this could have sparked selling. The bullish reaction tells me that buyers are getting more aggressive. One by one the political uncertainties are being resolved. Trump will meet with North Korea to discuss denuclearization. Nothing is certain, but we are talking. The biggest dark cloud is a potential trade war with China/Europe. Those negotiations are ongoing and the timelines for new tariffs have been postponed. These winds can change …

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