Summer Doldrums Are Setting In - Expect Quiet Trading Today

One Option Trading Blog http://ift.tt/2akIzrT Posted 9:40 AM ET - Yesterday the market found support and it drifted back above SPY $215.75. We are now back in the trading range and Tuesday's decline was a one-day event. Trading volumes are extremely light and the summer doldrums have set in. ADP came in at 179,000 and that was perfect. ISM services was a little light but it didn't have much of a market impact. Tomorrow's jobs report should come in around 180,000. That would be strong enough to suggest sluggish growth and soft enough to keep the Fed on the sidelines in September. August and September are …