One Option Trading Blog http://bit.ly/2Vpuv82 Posted 9:30 AM ET - Yesterday the market dropped below horizontal support at SPY $285 at the start of trading. US/China trade concerns sparked selling. Support was established during the first two hours and the market bounced off of those lows. That support level will be tested again this morning. Trump imposed tariffs on $200 billion worth of Chinese goods overnight. These tariffs were postponed during the trade negotiations and this deadline was known. Trump moved forward with them because China reneged on some of the terms last weekend. He is planning additional tariffs on $320 billion worth of goods and …
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