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Friday, June 14, 2019

The Selling Pressure Will Increase Today - Here’s Why


One Option Trading Blog http://bit.ly/2RhFFGU Posted 9:30 AM ET - The market has fallen into a tight trading range this week. A chart of the S&P 500 reveals very small bodies on the daily candles and three of the last four days have finished where they opened. As I mentioned in my comments this week the bounce has run its course and the market will pause before it starts the next leg lower. Broadcom lowered its 2019 revenue forecast by $2 billion (10%) due to the trade war with China and restrictions related to Huawei. We can expect similar from other chip makers. This is the …

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