One Option Trading Blog https://ift.tt/2UgHvZ4 Posted 9:30 AM ET - Yesterday the market tried to breakthrough horizontal resistance at SPY $281. The catalyst of the day was favorable trade news from the US/China negotiations. An apparent deal sparked optimism, but stiff resistance repelled stocks for the second time in a week. The selling pressure was very heavy and the headwinds are blowing. I outlined the new trade details in yesterday's comments. If the Wall Street Journal article is accurate, this will be a good trade deal. Unfortunately, this was recycled news and the expectations were already high. A trade deal with China is fully priced into …
No comments:
Post a Comment