Market Performance the First Week Is Historically An Indicator For the Entire Year

One Option Trading Blog http://bit.ly/2R35r4x Posted 9:30 AM ET - Last week the market staged a nice bounce after testing the 200-week moving average. Deep drops like this take time to resolve and a base will form over the next few months. Severe technical damage has been done during the most bullish time of the year and the S&P 500 has closed below the 200-day moving average for almost a month. We can expect plenty of volatility in 2019 and the lows will be tested. China posted another manufacturing number this morning and it was soft. Similar to the manufacturing PMI on Friday, Caixin was in …