One Option Trading Blog https://ift.tt/2RgH41x Posted 9:30 AM ET - Monday the S&P 500 staged an impressive rally and it broke through a cup and handle formation. Buyers rushed in Tuesday morning, but the opening gap higher failed. This is a sign that sellers are still nearby and they will be aggressive when the market gets ahead of itself. As I've been saying for many weeks, this market bottoming process will take months. The S&P 500 is up 30 points before the open and it looks like support at SPY $262.50 will hold. The Coronavirus continues to spread and the death toll in the United States …
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