Monday, August 24, 2020

Day Traders Need To Wait For Support Before Buying - Possible Gap Reversal


One Option Trading Blog https://ift.tt/2Qnhs29 Posted 9:30 AM ET - PRE-OPEN MARKET COMMENTS MONDAY- Last week the market struggled to advance. The daily ranges have been tight and the volume has been light. This morning the S&P 500 is up 28 points before the open and this will be a nice breakout if the gains hold. President Trump fast-tracked a Coronavirus treatment by AstraZeneca. The positive news regarding treatments and vaccines is widespread. The rate of new cases is starting to decline and that is boosting investor confidence. My own personal observation is that people are wearing masks and they are trying to return to their …

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