The Market Will Rally In July - Possible Trouble In August [Here’s Why]

One Option Trading Blog https://ift.tt/3ijrZYT Posted 9:30 AM ET - This week the market bounced off of the 200-day moving average and support has been confirmed for a second time in the last few weeks. End of month fund buying fueled a nice rally yesterday and the S&P 500 is challenging the downtrend that started on June 8th. Earnings season will begin in two weeks and buyers are typically engaged at this stage of the cycle. This morning ADP reported a better-than-expected jobs number in the private sector. A close today above SPY $310 would be bullish. ADP reported that payrolls in the private sector rose …