One Option Trading Blog https://ift.tt/2z1gPFv Posted 9:30 AM ET - PRE-OPEN MARKET COMMENTS MONDAY - The S&P 500 is trapped in a 40 point range and the pressure is building. Support is at SPY $270 and resistance is at $274. A major holiday will bisect the trading week and major economic releases will be in focus. This market compression will be resolved shortly and the it will breakout or breakdown. Trade wars are escalating and all of our partners have outlined retaliatory tariffs. The steel and aluminum tariffs will go into effect at the end of this week. China, the EU, Canada and Mexico will respond …
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