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Thursday, May 23, 2019

Market Will Test Major Support In the Next 2 Weeks


One Option Trading Blog http://bit.ly/2W0TEpW Posted 9:30 AM ET - The market has a “catalyst” and all of the news was negative. Stocks are down overnight and support at SPY $285 will be tested this morning. US/China trade negotiations will continue until the situation with Huawei is resolved. China has signaled this through multiple sources. Relations have soured and the chances of a trade agreement before the G20 meeting (June 28th) look slim. Analysts are hoping that the rhetoric stays cordial until that meeting. Flash PMI's out of Europe were weak. Eurozone manufacturing came in at 47.7 and services came in at 52.5. Germany was particularly …

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