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Monday, August 19, 2019

Market Bounce On Light News - Watch This Resistance Level


One Option Trading Blog https://ift.tt/2KHy9mV Posted 9:30 AM ET - There are plenty of cross-currents and market volatility is high. The news cycle is light and traders will go off of what little news they have. This week the FOMC minutes, flash PMI's and “Fed speak” in Jackson hole will drive the action. Trading volume will be relatively light during the week. When the market is soft we can expect encouraging statements from Trump. Record highs for the S&P 500 have been used as a battle cry during his rallies and he watched the market. Over the weekend there were suggestions that trade negotiations with China …

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