One Option Trading Blog https://ift.tt/34vcLbu Posted 9:30 AM ET - A month ago we were testing the 200-day moving average and we have rallied 10% since then. The market broke out last week to a new all-time high and the follow-through has been good. Back-to-back reversals off of the breakout came on heavy volume and support has been confirmed. Asset Managers who wanted to buy an FOMC dip never got one and they are playing catch-up. ISM services will be posted 30 minutes after the open and it could provide an opportunity. Economic data points from Europe have stabilized and they've been ticking higher in China. …
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