One Option Trading Blog http://ift.tt/2qzTSDY Posted 9:20 AM ET - The S&P 500 is compressing near the all-time high. If this were a stock I would buy the breakout. Unfortunately it's not. If you look back over time you'll notice that every SPY gap fills in pretty quickly. That's because it is a diversified index of 500 companies. Individual stocks can have company specific news that fuels the breakout and these gaps often take more time to "backfill". Consequently, I believe the market will pullback in the next few weeks. Earnings season climaxed this week. The news was good and so was the guidance. Now the …
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