Make Your Money Early and Call It A Day - Watch the First Hour Range

One Option Trading Blog http://ift.tt/2vrZzCq Posted 9:00 AM ET - Trading conditions remain choppy and the market is right in the middle of its two week range. There are not any significant news events to drive the action and to make matters worse a major holiday is approaching. Use support at SPY $243.80 and resistance at $246 as your guide. Janet Yellen will speak in Jackson Hole, but don't expect any fireworks. The statement will be fairly hawkish (expected) and she will reiterate the need to reduce the Fed’s balance sheet starting in September. A December rate hike is expected and her comments will be consistent …