Market Will Test This Resistance Level On Dovish Fed Speak

One Option Trading Blog https://ift.tt/2Z9ZyWE Posted 9:30 AM ET - Yesterday the market shot higher and it stalled. The trading range was very compressed the rest of the day. This is typically one of the slowest weeks of the year and we are in a news vacuum. Congress and the Fed are in recess, earnings season has ended, the economic calendar is light and traders are taking time off before their kids go back to school. There are plenty of crosscurrents and the market is driven by the "news of the day". The S&P 500 has established a wide range from SPY $282 - $294 and …