One Option Trading Blog https://ift.tt/38Ypabh Posted 9:30 AM ET - Yesterday the market was able to find support and buyers surfaced late in the day. Overnight news of successful clinical trials has investors excited about Moderna's Coronavirus vaccine. The S&P 500 will open near the high established Monday and resistance at that level will be challenged. Buyers are typically engaged ahead of earnings season and the price action should be bullish for the next two weeks. Use this opportunity to take profits and to reduce your risk exposure. I believe that the market is vulnerable to profit-taking in the back half of August. There are many …
No comments:
Post a Comment