One Option Trading Blog http://bit.ly/2w9FNOV Posted 9:30 AM ET - Yesterday the market tested horizontal support at SPY $285. We closed slightly below that level and this morning we will trade above it. The news is fairly light this week and trading volume will decline into the holiday. US/China trade negotiations will resume next week, but neither side seems motivated. The rhetoric has turned nasty and both countries imposed new tariffs. Trade restrictions against Huawei eased overnight and the US will grant the company 90 days to find non-US suppliers. This has sparked a small rally this morning. I am predicting that there will not be …
No comments:
Post a Comment