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Thursday, June 30, 2016

Day Trade From the Long Side and Sell Bullish Put Spreads


One Option Trading Blog http://ift.tt/2973Mmb Thursday 9:30 AM ET - Market is completely shrugging off Brexit. Friday could be very slow. The market floated back into the trading range and the action will quiet down. We are back above the 200-day, 100-day and horizontal resistance at SPY $204. End of quarter window dressing attracted buyers. Earnings season is right around the corner and that typically attracts buyers. The 4th of July holiday is a few days away and major holidays tend to be bullish. Central banks are printing money like mad and they will be dovish after the Brexit news. Many Asset Managers are still in …

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