Options / Finance

Market Bid Is Strengthening - SPY Will Challenge the 50-Day MA This Week

From One Option Trading Blog
April 19, 2017 - 9:36am
Posted 9:00 AM ET - Yesterday the market probed for support and it bounced before it challenged the lows from Friday. I view this higher low as a bullish sign and the bid is starting to firm up. Stocks should move higher and the market will challenge the 50-day moving average this week. Political news has been dominating the headlines. Trump is doing well internationally and China is taking a hard line with North Korea. He wants to work on a healthcare bill before tackling tax reform and that is bearish. Earnings season is cranking up and that is the current …

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