Market Likes the “Hot” Jobs Number - This Will Take Its Toll In A Few Weeks

One Option Trading Blog http://ift.tt/2b85mVd Posted 9:40 AM ET - The market has been trapped in a very tight range between SPY $215.50 and $217.50 for three weeks. We are right in the middle of it today and we should challenge the upper end of the range. Trading volumes have been dismal and activity should slow down after the first couple of hours today. In July 255,000 new jobs were created. That was much better than expected and the market is rallying on the news. I don't trust the move and I'm going to watch the price action the first 30 minutes. If we grind higher …