One Option Trading Blog https://ift.tt/2ZVx68W Posted 9:30 AM ET - The market doesn't care about rising tensions in the Middle East. Perhaps that's because we've had a military presence there for more than 15 years. The price action yesterday was very telling. Stocks opened on their low and instantly bounced. Buyers scooped this dip and the S&P 500 closed on its high of the day resulting in a bullish engulfing pattern. We have been waiting for a dip and that might've been it. The Phase 1 deal with China will be signed in a week in Washington DC. Democrats support the USMCA and it will be …
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