One Option Trading Blog https://ift.tt/3loYPt4 Posted 9:30 AM ET - The S&P 500 broke out to a new all-time high Monday and there are not any short-term speed bumps to stop the momentum. Trading volume is low and this is a light news cycle. Traders are focused on Jerome Powell's speech in Jackson Hole and it should be dovish. Look for a gradual drift higher. This morning we learned that durable goods orders increased 11.2% and that was better than the 4.3% that was expected. Ex-transportation, durable goods orders were up 2.4% and that was slightly better than expected. Tomorrow preliminary GDP will be released and …
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