One Option Trading Blog https://ift.tt/2NXEVrZ Posted 9:40 AM ET - The market needs a catalyst to move higher and it has one. Canada agreed to trade terms and NAFTA will be signed. Negotiations came down to the wire and the S&P 500 is up 15 points on the news. It will rally back above the breakout at SPY $291.45 this morning. I can't fully embrace the opening rally. It was questionable whether Trump had the authority to rescind NAFTA and to move ahead with Mexico. I also feel that a deal was expected. This opening rally could be an overreaction and there are a number of …
No comments:
Post a Comment