One Option Trading Blog https://ift.tt/2OtDbFU Posted 9:30 AM ET - Yesterday the S&P 500 dropped below the 100-day moving average and it closed on its low of the day. This choppy price action reminds me of August when we had big gaps higher and lower around the 100-day moving average. This is a tough swing trading environment and there are many cross-currents. The bid is strong at major technical support levels and resistance is stiff near the all-time high. Face-to-face trade negotiations with China will resume tomorrow. Unlike most of the other meetings, the expectations are low. The US has blacklisted Chinese companies for civil rights …
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