One Option Trading Blog https://ift.tt/2Z5jaqT Posted 9:30 AM ET - Yesterday the market shot 40 S&P 500 points higher rate out of the gate. News that Chinese tariffs would be delayed until December 15th sparked optimism and we blew through the 100-day moving average. After the initial surge the trading range compressed. That was a sign that buyers and sellers were paired off. Resistance at SPY $294 is stiff. Dismal overnight economic news is erasing Monday’s gains. China's industrial production grew at its slowest pace since 2002 (4.8% Y/Y) in July. China's retail sales increased 7.6% and that was lower than expectations (8.6%). Political unrest in …
No comments:
Post a Comment