One Option Trading Blog https://ift.tt/2QIysjp Posted 9:15 AM ET - Yesterday the S&P 500 closed out its best August in 30 years. Stocks spent most of the day in positive territory, but late day selling pushed the index down to its low of the day. This rally is over-extended and I characterize it as a seller's boycott. Trading volume has been relatively light and I believe we could see profit-taking in the next two weeks. Major economic releases will be posted this week and ISM manufacturing will be released 30 minutes after the open. ADP, the Beige Book, ISM services and the Unemployment Report will provide …
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