One Option Trading Blog http://bit.ly/2UNwePG Posted 9:30 AM ET - Last week the S&P 500 rallied above the 100-day moving average and it was within striking distance of the 200-day moving average. Resistance was stiff at that level and profit-taking pushed the SPY back below the critical $270 level. After a nice bounce in January stocks look tired. There are many unresolved issues and two of them will impact market direction this week. A government shutdown in the US is possible. Politicians needed to find middle ground last week to pass a bill before the deadline Friday. We just came off of the longest government shutdown …
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