One Option Trading Blog https://ift.tt/3lu5vW4 Posted 9:30 AM ET - Yesterday the S&P 500 surged 150 points to a new record high on the opening bell. Optimism over a Coronavirus vaccine sparked buying on the notion that the economy will be able to get back on track in 2021. Stocks spent the entire day retreating and most of the gains were given back. The S&P 500 is below the prior all-time high and traders are wondering if this was a buying climax. From a technical perspective it's not unusual for the market to retrace and to test the breakout before advancing. Bulls want to see a …
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