Market In A Very Tight Range - Trading Volumes Are Low - Fade the Early Moves

One Option Trading Blog http://ift.tt/2arPWcq Posted 9:40 AM ET - Monday the market try to break through resistance at SPY $217.50. That move failed and the downside was tested. This morning we are seeing some follow-through selling. The S&P 500 has had a 20 point range in the last three weeks and prices are wrapped tightly. Trading volumes are very low and the news will dry up after this week. ISM services and ADP will be posted tomorrow. These releases should have a good market impact. ISM services should be a little better-than-expected and ADP will be steady at 180K. The jobs report on Friday will …