One Option Trading Blog https://ift.tt/32qCnrV Posted 9:30 AM ET - Last week the S&P 500 tested support at the 50-day moving average three times and that support held. Merger Monday is fueling a gap higher and the S&P 500 is up 40 points before the open. If the market is able to hold the gains and close near the high of the day we should see follow-through for a few more days. If the gains are easily stripped away it will be a sign that sellers are still anxious to take profits. Gilead, Nvidia and Oracle are all engaged in acquisition talks. This will keep the …
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