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Wednesday, September 9, 2020

Market Bounce This Week Will Provide Clues On Longer Term Direction [Watch For This]


One Option Trading Blog https://ift.tt/32d1bU8 Posted 9:30 AM ET - Yesterday the market tested the low from Friday and support held during the day. I believe that buyers will be a little more confident and we are seeing a 30 point rally in the S&P 500 this morning. The market is likely to bounce and the next two weeks will reveal the next big move. The most likely scenarios are outlined below. If buyers come back in force this week and we see consecutive long green candles closing on their high with late day strength the market will challenge the all-time high in the next few …

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