One Option Trading Blog https://ift.tt/2tM7c8n Posted 9:30 AM ET - A week ago the market showed some signs of strain when it quickly backed off of major horizontal resistance at SPY $281. Friday we gapped up to that resistance level again after the MSCI index announced that it will quadruple its holdings in Chinese stocks. The market reversed during the morning and the gains were erased. End-of-month/beginning-of-month fund buying attracted buyers and the market closed near the high of the day. Horizontal resistance will be tested again this morning and the S&P 500 is up 10 points before the open. Sources feel that a trade deal …
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