Thursday, September 1, 2016

Market Will Breakout When Volume Returns In Sept - Watch For Profit Taking


One Option Trading Blog http://ift.tt/2bKZ6BX Posted 9:30 AM ET - The market is so boring that I must've dozed off yesterday. I forgot to post my market comments. Unfortunately, my comments haven't changed much in weeks and you didn't miss anything important. The summer doldrums will end next week and the volume will gradually recover. We are chopping around a support level at $217.50. The selling yesterday tested support and we bounced in the last hour of trading. Once an intraday move stalls, the range is set and the market reverses. This would be nice if we had 20 point ranges. Unfortunately, they are 5 point …

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