Gap Higher Could Reverse - Signs of Resistance Yesterday

One Option Trading Blog http://bit.ly/2R5b13n Posted 9:30 AM ET - Yesterday the market gapped higher and it tried to advance early in the day. Profit-takers kept a lid on the action and the stocks closed on their low of the day. This left an inverted hammer on the chart and that would be bearish if the market closed lower today. As it stands, stocks are poised to rally this morning. China will issue special purpose bonds and this stimulus has sparked buying this morning. All of the stimulus (fiscal and monetary) during the last year has kept China's growth rate at 6%. I believe they are …