One Option Trading Blog https://ift.tt/2IRDZjS Posted 9:30 AM ET - Last week the market established a support level at SPY $245. That was approximately 28% lower than the all-time high set three weeks ago. The world is trying to contain the spread of the coronavirus through social distancing and the short-term economic impact will be devastating. Central banks are unified and they are guaranteeing each other's currencies through swaps. This event has sparked panic selling and the S&P 500 is limit down before the open. My geographic area is a microcosm of what's happening globally. Public schools will be closed for two weeks and in some …
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