One Option Trading Blog https://ift.tt/2YQhEws Posted 9:30 AM ET - The first wave of selling after a new all-time high tends to be swift and deep as "weak hands" fold. Investors priced in best case scenarios and they did not pan out. The 100-day moving average failed with ease and we never bounced to test it. I view this as a bearish price action and it tells me that there is more selling to come. US/China trade negotiations have deteriorated and new tariffs will be imposed on $300 billion worth of goods in September. Trump is fully aware that China is playing games and that they …
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