One Option Trading Blog https://ift.tt/2PbnlfE Posted 9:30 AM ET - We are long the S&P 500 and we are going to ride this bounce. Yesterday, shorts ran for cover after Fed Chairman Powell said that the Fed was likely to pause next year. This afternoon we will get the FOMC minutes and other Fed officials might also feel that we are getting closer to a neutral policy. Tomorrow China will post its PMI and the number should be good. The S&P 500 will challenge the 200-day moving average before the close Friday. Shorts will not be aggressive ahead of the G20 meeting. Both leaders will benefit …
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