One Option Trading Blog https://ift.tt/33P42SK Posted 9:30 AM ET - Last week the S&P 500 closed below its 50-day moving average. Support has been tested frequently at that level and the market has not been able to sustain a decent bounce in the last two weeks. That suggests that the selling pressure is heavy and that there is more work to do on the downside. This morning the S&P 500 is down 50 points and a test of the 100-day moving average seems likely this week. Republicans and Democrats are at odds and a stimulus bill is unlikely before the election. Small businesses need a lifeline …
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