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Wednesday, February 27, 2019

Market Speed Bump Ahead - Watch Out For This News


One Option Trading Blog https://ift.tt/2H1qNJz Posted 9:30 AM ET - The market has been showing signs of strain. The last two days we have seen late day selling and follow through the next morning. Horizontal resistance at SPY $281 is stiff and a major round of economic releases tomorrow could spark selling. US/China trade negotiations are going well and a deal is fully priced into the market. Any surprise favors the downside. Theresa May is trying to extend the Brexit deadline, but her own Parliament voted not to a month ago. She has also tried to get additional concessions from the EU and they are not …

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