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Wednesday, October 2, 2019

Wait For Support - Watch This Critical Level Today - Market Will Try To Close Near It


One Option Trading Blog https://ift.tt/2oAF0pp Posted 9:30 AM ET - Yesterday stocks sold off after ISM manufacturing dropped to 47.8. That is a substantial decline from the previous month and it is in contraction territory. Economic weakness abroad could be spreading to the US and that has investors nervous. ISM services will be posted tomorrow and it is a much more important number since it accounts for 80% of our economy activity. ISM manufacturing has been drifting lower for months. Four weeks ago it was in contraction territory and that sparked temporary selling. Two days later, ISM services was posted and it was a particularly robust …

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