One Option Trading Blog https://ift.tt/2jCuvwk Posted 9:50 AM ET - Last week the market tested the 200-day moving average and support held. The SPY has been making a series of lower highs and a descending triangle pattern is formed. This is bearish from a technical perspective and a breach of horizontal support would be bearish. The 100-day moving average is providing resistance and the 200-day moving average is providing support. There are many dark clouds that need to part and the market could swing either way. A possible trade war with China is the biggest threat. The delegation returned Friday and the White House has been …
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