One Option Trading Blog http://bit.ly/30UaFRA Posted 9:30 AM ET - Yesterday the market tested the 100-day and the 200-day moving averages. Stocks are bouncing this morning and we could fill in the gap from the open yesterday. The market typically bounces off of major support levels on the first breakdown attempt. Investors are cautious. This is only a bounce and the momentum points lower. Trade negotiations with China have stalled and the tone has soured. Buyers are hoping that the G20 meeting in one month will keep things civil and that leaders will be able to find middle ground. China posted a better than expected manufacturing …
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