Use These S&P 500 Levels As Your Guide - Wait For the Breakout

One Option Trading Blog http://ift.tt/2ja07qb Posted 9:20 AM ET - The S&P 500 continues to trade within a 10 point range. We've been trapped here for a few weeks and this is a low probability trading environment. The good news is that long tight ranges produce big breakouts. We have to be patient and wait for one side to prevail. On the bullish side of the ledger we have decent earnings and the prospect for optimistic guidance. Lower corporate taxes and reduced business regulation will provide a healthy backdrop for profits. On the bearish side of the ledger we have rising interest rates and a Fed …