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Wednesday, June 21, 2017

Buyers Will Maintain Market Support - Action Will Be Choppy


One Option Trading Blog http://ift.tt/2sUV1Y8 Posted 9:00 AM ET - The market is treading water near the all-time high and the price action is choppy. We are in a news vacuum and traders are waiting for the next catalyst. Overseas markets were a little soft and oil prices have been declining. Swing traders should be focused on selling bullish put spreads. If you don't have all of your positions on, don’t wait. You should be managing profits at this stage. Your short strike price should be below technical support and if that support is breached you should buy back your put spreads. As long as the …

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