One Option Trading Blog https://ift.tt/3exP8oj Posted 9:30 AM ET - This morning the S&P 500 will test the 200-day moving average and this support level was tested three times last week. Typically, bulls don't want to have a retest so soon and it's likely that we will test the 100-day moving average shortly. Coronavirus fears are accelerating as the number of new cases increases. This will impact consumer spending and the recovery will take longer than we hoped. If you've been following my comments in the last two weeks your risk should be minimal and you should be waiting on the sidelines for clarity. The missing …
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