One Option Trading Blog https://ift.tt/2MlGpd9 Posted 9:30 AM ET - Yesterday the "trade winds" were friendly and the market staged an impressive rally off of horizontal support at SPY $294. The move was fueled by the financial sector and the first-round of earnings reports from major banks was strong. As long as support at SPY $298 holds, favor the long side. Trade negotiations with China are unstable and we should not expect a trade deal before the 2020 election. The best we can hope for is a truce. China will agree to double its agricultural purchases if future tariffs are delayed. The next tranche of increases …
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