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Wednesday, September 2, 2020

Market Rally Is Over-extended - Watch This Video - Technical Warning Signs


One Option Trading Blog https://ift.tt/2Gqij0p Posted 9:30 AM ET- The market rally is strong and a bullish climax setting up. I don't see any news speed bumps, but the warning signs are obvious from a technical standpoint. Bullish speculators are likely to get flushed out by profit takers and traders will have an opportunity to sell short in the next two weeks. I'm not looking for a prolonged decline, but a swift and deep move is likely. This morning ADP reported that 428,000 new jobs were created during the month of August in the private sector. That was much lower than the 1.17 million that was …

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