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Friday, May 24, 2019

News Vacuum - Market Will Be Flat Next Week


One Option Trading Blog http://bit.ly/2I4LWBB Posted 9:30 AM ET - I am going to keep my comments very brief today. The market has been gradually drifting down to major support and I believe the 200-day moving average will be tested in the next two weeks. Trade rhetoric pushes the market up one day and down the next. The net change is negligible and the daily chart is littered with doji's and two-day reversals. A trade deal with China before the G20 meeting (June 28th) is unlikely. Trump and Xi will meet and most analysts believe the tone will remain cordial until then. You know from my …

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