Dovish “Fed Speak” Is A Sugar High - Get Ready To Short

One Option Trading Blog https://ift.tt/2L6JlZ4 Posted 9:30 AM ET - The market is addicted to easy money and it wants another "fix". Yesterday's FOMC minutes did not spark much excitement and traders are hoping that "Fed speak" in Jackson Hole will point to a rate cut in September. Trading volume is very light and the SPY is pressing up against resistance at $294. That is the upper end of the range and I believe we are close to a shorting opportunity. Trade negotiations with China are happening by phone. Officials are putting lipstick on this pig to calm investors. There will not be a trade deal …