One Option Trading Blog https://ift.tt/2RmL0vp Posted 9:30 AM ET - The market cares about three things and it will not rally until we get positive developments from at least two of them. Solid earnings are not attracting buyers and the S&P 500 is going to test the lows from Wednesday. The next support level is SPY $257.50 and it was tested in February and March. The year-end bounce will depend on how these three issues are resolved. The easiest hurdle is Fed speak. We need to hear a softer tone and the rate hike in December needs to be postponed. Hawkish Fed comments Wednesday did not …
No comments:
Post a Comment