One Option Trading Blog http://bit.ly/2Z0rhp7 Posted 9:30 AM ET - Yesterday the market tested the upside and it quickly reversed. After trading in a range for two hours it started to leak oil. Stocks drifted lower entire day and the market did not bounce in the last 30 minutes. The selling pressure was heavy and it is spilling over today. The S&P 500 is down 20 points before the open and a test of the 200-day moving average is likely. The trade war with China is escalating and Beijing could threaten to cut off rare earth supplies to the US. It is used to manufacture electronic …
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