One Option Trading Blog https://ift.tt/2MTqpkw Posted 9:30 AM ET - Last week the market broke out to a new all-time high when a trade deal with Mexico was signed. Since then stocks have gradually been drifting lower and we are likely to test the breakout at SPY $287. The backdrop is filled with potential speed bumps and Asset Managers are not aggressively buying this breakout. The price action during the next week will reveal which side we need to be on. Trade officials are feverishly working towards an agreement with Canada. If a deal is signed with Canada the rally will be negated by new tariffs …
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