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Wednesday, December 4, 2019

Important Number After the Open - It Will Impact the Market - Wait For It


One Option Trading Blog https://ift.tt/2YiEbPP Posted 9:30 AM ET - The market has been soft this week due to rising concerns that a trade truce with China will not happen. Those fears have subsided slightly overnight on a report from Bloomberg that negotiators are hammering out the details. After testing minor support at SPY $307 the market bounced late in the day forming a bullish hammer. This morning we will try to fill-in the gap from Tuesday. The calendar is pretty heavy the next 10 days. I still don't believe that a trade truce with China will happen. Trump just signed a bill supporting pro-democracy protesters …

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