One Option Trading Blog https://ift.tt/2GZU5Iu Posted 9:30 AM ET - A US/China trade deal is likely and the market gaped up on the news. This was largely priced into the market and stocks gradually drifted lower the entire day. Horizontal resistance at SPY $281 held and we are seeing a little follow-through selling this morning. The Fed chairman will testify before Congress today, but don't expect anything new. Major economic releases will be posted Thursday morning and that will be the next catalyst. The Fed has been very transparent. The FOMC minutes last week were dovish with regard to balance sheet reduction and hawkish with regard …
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