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Wednesday, April 15, 2020

Market Still Has Upside - The Drop Today Is A Reminder That Resistance Is Building


One Option Trading Blog https://ift.tt/2xl3RCF Posted 9:30 AM ET - Yesterday the S&P 500 rallied 70 points higher and this morning those gains are going to be given back. News that the spread of the Coronavirus was decelerating attracted buyers after a three-day weekend. The first step to an economic recovery is the containment of the virus. Only then can we restart businesses and resume our normal lives. This will be a process that takes many months and we should not expect a "V” bottom recovery. President Trump indicated that 29 states are in good shape in terms of the virus and that he could grant …

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