Tuesday, June 20, 2017

New Market High - News Vacuum Favors Upward Momentum


One Option Trading Blog http://ift.tt/2rLWMXQ Posted 9:20 ET AM - Yesterday the S&P 500 jumped to an all-time high on the open and it spent the rest of the day in a fairly tight range. Stocks closed on their high and the market is comfortable with the recent rate hike. The news is very light and that favors the upward momentum. Swing traders should have all of their bullish put spreads on. I've been telling you that this window of opportunity would be very brief and I've been suggesting this strategy for the last week. Now just sit back and let time decay work its magic. …

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