One Option Trading Blog https://ift.tt/2ZpQUm9 Posted 9:30 AM ET - Last Friday the S&P 500 rallied late in the day and it closed above horizontal resistance. Earnings season will start this week and buyers are typically engaged ahead of mega cap tech earnings. The economic numbers show signs of an economic recovery, but activity will be hampered by the growing number of new Coronavirus cases. Investors don't seem worried about a sluggish recovery. This light volume rally could reach horizontal resistance at SPY $324 in the next a few weeks. We are in a news vacuum and that typically favors the current upward momentum. Banks will …
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